BRP (NASDAQ:DOOO) Shares Cross Above 50-Day Moving Average – What’s Next?

BRP Inc. (NASDAQ:DOOO – Get Free Report) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $59.00 and traded as high as $60.3275. BRP shares last traded at $59.90, with a volume of 144,746 shares changing hands.

BRP Stock Performance

The stock’s 50-day simple moving average is $59.00 and its 200-day simple moving average is $63.91. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 161.89 and a beta of 1.26. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31.

About BRP

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BRP Inc is a Canadian powersports and recreational products company headquartered in Valcourt, Quebec. The company designs, develops, manufactures, distributes and sells motorized recreational vehicles, marine products, engines and related parts, accessories and apparel through a global dealer and distribution network.

Its principal brands include Ski-Doo snowmobiles, Sea-Doo personal watercraft, and Can-Am all-terrain vehicles, side-by-side vehicles and three-wheel motorcycles. BRP also produces Rotax engines and offers boats under marine brands such as Alumacraft, Manitou and Quintrex.

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