Bombardier (TSE:BBD.A) Shares Down 8.7% – Here’s Why

Bombardier Inc. (TSE:BBD.AGet Free Report)’s stock price traded down 8.7% during trading on Tuesday . The stock traded as low as C$96.31 and last traded at C$97.04. 5,175 shares were traded during mid-day trading, a decline of 49% from the average session volume of 10,170 shares. The stock had previously closed at C$106.30.

Bombardier Price Performance

The stock has a fifty day simple moving average of C$102.08 and a 200-day simple moving average of C$92.86. The company has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 6.24 and a beta of 2.98.

Bombardier Company Profile

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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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