Berkshire Hathaway (TSE:BRK) Shares Cross Above 200-Day Moving Average – Here’s Why

Berkshire Hathaway Inc. (TSE:BRK)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$36.37 and traded as high as C$37.17. Berkshire Hathaway shares last traded at C$36.48, with a volume of 76,800 shares changing hands.

Berkshire Hathaway Stock Performance

The company has a market cap of C$1.43 trillion, a P/E ratio of 21.15 and a beta of 0.59. The stock has a 50-day moving average of C$36.41 and a two-hundred day moving average of C$36.37.

About Berkshire Hathaway

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).