Berkshire Hathaway (TSE:BRK) Reaches New 12-Month High – Here’s What Happened
by Michael Walen · The Markets DailyShares of Berkshire Hathaway Inc. (TSE:BRK – Get Free Report) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as C$42.20 and last traded at C$41.98, with a volume of 85,757 shares trading hands. The stock had previously closed at C$41.76.
Berkshire Hathaway Price Performance
The firm’s 50-day moving average price is C$37.69 and its 200-day moving average price is C$36.20. The company has a market cap of C$1.60 trillion, a price-to-earnings ratio of 18.75 and a beta of 0.64.
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).