Berkshire Hathaway (TSE:BRK) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Berkshire Hathaway Inc. (TSE:BRK)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$36.44 and traded as low as C$35.00. Berkshire Hathaway shares last traded at C$35.07, with a volume of 82,963 shares trading hands.

Berkshire Hathaway Stock Performance

The stock has a market cap of C$1.37 trillion, a P/E ratio of 20.48 and a beta of 0.63. The stock has a fifty day simple moving average of C$36.01 and a 200-day simple moving average of C$36.44.

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).