Commercial jet manufacturing company Bombardier Inc (OTCMKTS:BDRBF) has continued to have a pretty difficult time in the capital markets over the course of the past month.
Trading Data
On Thursday, BDRBF stock rose 2.84% to $1.4500 with more than 3.48 million shares, compared to its average volume of 1.65 million shares. The stock has moved within a range of $1.2900 – 1.4700 after opening trade at $1.3500.
Latest Developments
During this period, the stock has declined steadily and clocked losses of as much as 12%. There has been no recent news about the company but it might be a good time to take a look at the financial results for the third quarter that had been announced by the company back on October 28, 2021. Business aircraft revenues for the third quarter soared to $1.4 billion and reflected a year on year rise of as much as 17%.
The significant jump was primarily brought about by better deliveries and also due to the overall recovery in the aviation market following the coronavirus pandemic.
On the other hand, the adjusted EBITDA for the quarter stood at $142 million and that reflected a year on year rise of as much as 69%. In this regard, it is also necessary to point out that the cash flow from the company’s operations remained strong at a round $100 million and the reflected a year on year jump of as much as $747 million.
Technical Data
BDRBF stock is trading below the 20-Day and 50-Day Moving averages of $1.57 and $1.61 respectively. However, the stock is trading above the 200-Day moving average of $1.07. The stock is up 14% in the past 3-month.
