Brookfield Asset Management (TSE:BAM) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

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

Brookfield Asset Management Stock Performance

The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 6.32. The stock has a market cap of C$34.65 billion and a price-to-earnings ratio of 55.15. The stock’s 50-day simple moving average is C$80.94 and its 200-day simple moving average is C$69.42.

Insider Buying and Selling

In other news, Director Justin B. Beber sold 25,000 shares of Brookfield Asset Management stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$83.87, for a total transaction of C$2,096,630.00. 14.10% of the stock is currently owned by company insiders.

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.