BBD.b.to had the share price tumbling down after investors reviewed the latest financial report and analysts started revising their outlook for the stock performance.
Bombardier hit a new 52-week low t after the price dropped below support of $4.50 per share. Trading volume was close to 20 million over the past couple sessions, strongly above the average 7 million and pointing out significant selling pressure.
Bombardier's situation worsened after the company published financial results for the second quarter ended July 31, 2011. Share price has been plunging down since the books were made public this Wednesday, August 31, 2011. For the period ended:
Revenues were up 17.5% to $4.7 billion;
Net income up 52.8% to $211 million;
Recorded free cash flow of $1.1 billion;
Cash position slipped to $3.2 billion 23.8% lower compared to the beginning of 2011;
Held a backlog of $56.9 billion.
Despite the neat improvements in financial situation the more in-depth analysis apparently shows a possible slowdown in future operations. The company was recently downgraded by financial advisor Raymond James from Outperform to Market Perform over concerns of the company's aerospace outlook in the light of global slowdown of the sector.
Bombardier hit a new 52-week low t after the price dropped below support of $4.50 per share. Trading volume was close to 20 million over the past couple sessions, strongly above the average 7 million and pointing out significant selling pressure.
Bombardier's situation worsened after the company published financial results for the second quarter ended July 31, 2011. Share price has been plunging down since the books were made public this Wednesday, August 31, 2011. For the period ended:
Revenues were up 17.5% to $4.7 billion;
Net income up 52.8% to $211 million;
Recorded free cash flow of $1.1 billion;
Cash position slipped to $3.2 billion 23.8% lower compared to the beginning of 2011;
Held a backlog of $56.9 billion.
Despite the neat improvements in financial situation the more in-depth analysis apparently shows a possible slowdown in future operations. The company was recently downgraded by financial advisor Raymond James from Outperform to Market Perform over concerns of the company's aerospace outlook in the light of global slowdown of the sector.
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