Bombardier (TSE:BBD.A) Shares Pass Above 50 Day Moving Average of $55.19

Bombardier, Inc. (TSE:BBD.AGet Free Report)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$55.19 and traded as high as C$60.00. Bombardier shares last traded at C$56.63, with a volume of 2,856 shares changing hands.

Bombardier Stock Performance

The stock has a market cap of C$699.38 million, a P/E ratio of 8.86 and a beta of 2.96. The firm’s fifty day simple moving average is C$55.19 and its 200-day simple moving average is C$51.73.

About Bombardier

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Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. The company operates in four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft segment designs, manufactures, and markets business jets, as well as provides aftermarket support services.

Further Reading

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