Berkshire Hathaway (TSE:BRK) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Berkshire Hathaway Inc. (TSE:BRKGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$35.74 and traded as high as C$37.59. Berkshire Hathaway shares last traded at C$36.85, with a volume of 165,967 shares trading hands.

Berkshire Hathaway Price Performance

The firm has a 50 day simple moving average of C$36.62 and a 200-day simple moving average of C$35.75. The stock has a market capitalization of C$1.43 trillion, a price-to-earnings ratio of 16.81 and a beta of 0.63.

Berkshire Hathaway Company Profile

(Get Free Report)

Berkshire Hathaway is a holding company with a wide array of subsidiaries engaged in diverse activities. The firm’s core business segment is insurance, run primarily through Geico, Berkshire Hathaway Reinsurance Group, and Berkshire Hathaway Primary Group. Berkshire has used the excess cash thrown off from these and its other operations over the years to acquire Burlington Northern Santa Fe (railroad), Berkshire Hathaway Energy (utilities and energy distributors), and the firms that make up its manufacturing, service, and retailing operations (which include five of Berkshire’s largest noninsurance pretax earnings generators: Precision Castparts, Lubrizol, Clayton Homes, Marmon, and IMC/ISCAR).

Further Reading

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