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Bombardier (TSE:BBD.A) Share Price Crosses Below 200 Day Moving Average - Here's Why

Bombardier logo with Industrials background

Shares of Bombardier Inc. (TSE:BBD.A - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$96.02 and traded as low as C$90.14. Bombardier shares last traded at C$90.14, with a volume of 11,514 shares trading hands.

Bombardier Price Performance

The company's fifty day simple moving average is C$97.48 and its 200-day simple moving average is C$96.02. The firm has a market capitalization of C$1.09 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 6.24 and a beta of 2.98.

About Bombardier

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Bombardier Inc engages in the design, manufacture, and sale of business aircraft and aircraft structural components worldwide. It provides new aircraft, specialized aircraft solutions, and pre-owned aircraft. The company also offers aftermarket services, including parts, service centers, smart services, training, and technical publications.

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