Bombardier (TSE:BBD.A) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Bombardier Inc. (TSE:BBD.A)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$210.63 and traded as high as C$232.35. Bombardier shares last traded at C$228.00, with a volume of 44,915 shares.

Bombardier Stock Up 1.4%

The business has a 50-day simple moving average of C$210.63 and a 200-day simple moving average of C$174.36. The company has a market cap of C$22.61 billion, a PE ratio of 61.79, a price-to-earnings-growth ratio of 6.24 and a beta of 1.38.

Bombardier (TSE:BBD.A) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$1.21 earnings per share for the quarter. The firm had revenue of C$3.21 billion during the quarter. As a group, equities research analysts predict that Bombardier Inc. will post 8.9265677 EPS for the current fiscal year.

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.