Bombardier (TSE:BBD.A) Share Price Passes Above 50 Day Moving Average - Here's Why

Key Points

• Bombardier Inc.'s share price surpassed its 50-day moving average of C$169.99, trading as high as C$202.22 on Friday.
• The company's market capitalization stands at C$19.96 billion, with a P/E ratio of 46.27.
• Bombardier specializes in aviation, manufacturing renowned business jets like the Challenger and Global families, with a fleet of approximately 5,000 aircraft in service worldwide.

Bombardier Inc. (TSE:BBD.A - )'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$169.99 and traded as high as C$202.22. Bombardier shares last traded at C$201.27, with a volume of 5,781 shares changing hands.

Bombardier Stock Up 0.3%

The company has a market capitalization of C$19.96 billion, a P/E ratio of 46.27, a price-to-earnings-growth ratio of 6.24 and a beta of 1.93. The business has a fifty day moving average price of C$169.99 and a 200 day moving average price of C$127.20.

Bombardier Company Profile

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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