Brookfield Asset Management (TSE:BAM) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$69.12 and traded as high as C$83.94. Brookfield Asset Management shares last traded at C$82.77, with a volume of 875,641 shares trading hands.

Analyst Upgrades and Downgrades

Separately, UBS Group restated a “buy” rating on shares of Brookfield Asset Management in a report on Monday, December 16th.

Brookfield Asset Management Stock Up 0.2 %

The company has a debt-to-equity ratio of 6.32, a quick ratio of 0.95 and a current ratio of 0.85. The company has a market cap of C$34.67 billion and a PE ratio of 55.18. The firm has a fifty day simple moving average of C$80.87 and a 200 day simple moving average of C$69.12.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last issued its earnings results on Monday, November 4th. The company reported C$0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.49 by C$0.03. During the same period in the previous year, the firm posted $0.47 EPS. Equities research analysts predict that Brookfield Asset Management Ltd. will post 2.5564428 EPS for the current year.

Insider Transactions at Brookfield Asset Management

In other news, Director Justin B. Beber sold 25,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$83.87, for a total transaction of C$2,096,630.00. Company insiders own 14.10% of the company’s stock.

Brookfield Asset Management Company Profile

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.