Brookfield Asset Management (TSE:BAM) Share Price Passes Above 200 Day Moving Average of $51.78

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$51.78 and traded as high as C$54.10. Brookfield Asset Management shares last traded at C$53.78, with a volume of 1,017,947 shares changing hands.

Brookfield Asset Management Price Performance

The company has a market cap of C$20.91 billion and a price-to-earnings ratio of 34.70. The stock’s 50-day simple moving average is C$55.29 and its 200 day simple moving average is C$51.78. The company has a quick ratio of 0.95, a current ratio of 4.39 and a debt-to-equity ratio of 1.73.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last posted its earnings results on Wednesday, February 7th. The company reported C$0.49 earnings per share for the quarter, beating the consensus estimate of C$0.47 by C$0.02. Brookfield Asset Management had a net margin of 45.27% and a return on equity of 18.68%. The firm had revenue of C$1.54 billion during the quarter. On average, equities research analysts anticipate that Brookfield Asset Management Ltd. will post 1.9906994 EPS for the current fiscal year.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.