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

Key Points

• Bombardier's shares recently crossed above their 50-day moving average of C$162.67, reaching a trading high of C$175.92.
• The company has a market capitalization of C$17.45 billion and a P/E ratio of 40.44, indicating its current valuation in the market.
• Bombardier is recognized as a global leader in aviation, specializing in business jets and serving a diverse array of clients including corporations and governments.

Bombardier Inc. (TSE:BBD.A - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$162.67 and traded as high as C$175.92. Bombardier shares last traded at C$175.92, with a volume of 8,537 shares trading hands.

Bombardier Price Performance

The company has a market cap of C$17.98 billion, a P/E ratio of 41.67, a price-to-earnings-growth ratio of 6.24 and a beta of 1.93. The company has a 50 day moving average of C$163.46 and a 200-day moving average of C$119.46.

About Bombardier

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.