Bombardier (TSE:BBD.A) Stock Passes Above 50-Day Moving Average of $78.94

Bombardier Inc. (TSE:BBD.AGet Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$78.94 and traded as high as C$87.67. Bombardier shares last traded at C$87.27, with a volume of 6,688 shares trading hands.

Bombardier Stock Down 0.7 %

The company has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 23.33 and a beta of 2.99. The company has a 50-day moving average price of C$78.94 and a 200-day moving average price of C$62.17.

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.

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