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

Key Points

• Bombardier Inc. shares have crossed above their 50-day moving average of C$165.88, reaching a high of C$196.00 during trading.
• The company's market capitalization is C$19.31 billion with a PE ratio of 44.74 and a price-to-earnings-growth ratio of 6.24.
• Bombardier specializes in the design and manufacturing of business jets, with approximately 5,000 aircraft in service globally across various sectors.

Bombardier Inc. (TSE:BBD.A - )'s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$165.88 and traded as high as C$196.00. Bombardier shares last traded at C$194.63, with a volume of 6,624 shares.

Bombardier Stock Performance

The company's fifty day moving average is C$165.88 and its 200-day moving average is C$122.43. The company has a market capitalization of C$19.31 billion, a PE ratio of 44.74, a price-to-earnings-growth ratio of 6.24 and a beta of 1.93.

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.

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