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

Bombardier Inc. (TSE:BBD.A)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Bombardier Stock Up 1.4%

The company has a 50 day simple moving average of C$210.63 and a 200 day simple moving average of C$174.91. The company has a market capitalization of C$22.61 billion, a price-to-earnings 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 earnings results on Thursday, November 6th. The company reported C$1.21 earnings per share (EPS) for the quarter. The firm had revenue of C$3.21 billion for the quarter. On average, research analysts forecast that Bombardier Inc. will post 8.9265677 EPS for the current fiscal year.

Bombardier Company Profile

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.