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

Key Points

• Bombardier shares crossed above their 50-day moving average of C$177.42, trading as high as C$194.43 before last trading at C$192.73.
• The company holds a market capitalization of C$19.12 billion and reports a PE ratio of 44.31.
• Bombardier is a leading player in the aviation sector, recognized for its innovative business jets and a worldwide fleet of approximately 5,000 aircraft.

Bombardier Inc. (TSE:BBD.A - ) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$177.42 and traded as high as C$194.43. Bombardier shares last traded at C$192.73, with a volume of 6,607 shares changing hands.

Bombardier Stock Performance

The stock has a fifty day moving average of C$177.42 and a 200-day moving average of C$137.02. The company has a market cap of C$19.12 billion, a PE ratio of 44.31, a PEG ratio of 6.24 and a beta of 1.74.

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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