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Bombardier (TSE:BBD.A) Stock Passes Above 50 Day Moving Average - Here's What Happened

Bombardier logo with Industrials background

Bombardier Inc. (TSE:BBD.A - Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$83.84 and traded as high as C$93.07. Bombardier shares last traded at C$93.01, with a volume of 2,914 shares traded.

Bombardier Stock Up 3.7 %

The company has a market cap of C$1.06 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 6.24 and a beta of 2.98. The firm's 50-day moving average price is C$83.73 and its 200-day moving average price is C$91.57.

About Bombardier

(Get Free Report)

Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world's most exceptional business jets. Bombardier's Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

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