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

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 share 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 changing hands.

Bombardier Price Performance

The stock has a market capitalization of C$17.98 billion, a PE ratio of 41.67, a P/E/G ratio of 6.24 and a beta of 1.93. The firm's 50 day simple moving average is C$163.46 and its 200 day simple moving average is C$119.69.

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.