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Bombardier (TSE:BBD.A) Stock Price Up 20% - Here's Why

Bombardier logo with Industrials background

Shares of Bombardier Inc. (TSE:BBD.A - Get Free Report) rose 20% on Wednesday . The company traded as high as C$143.55 and last traded at C$142.41. Approximately 37,790 shares traded hands during trading, an increase of 216% from the average daily volume of 11,946 shares. The stock had previously closed at C$118.71.

Bombardier Stock Up 1.2%

The firm's 50 day simple moving average is C$99.49 and its 200-day simple moving average is C$91.39. The company has a market capitalization of C$1.85 billion, a PE ratio of 38.85, a P/E/G ratio of 6.24 and a beta of 2.98.

Bombardier Company Profile

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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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