Berkshire Hathaway (NYSE:BRK.A) Stock Price Passes Above Two Hundred Day Moving Average of $308,555.46
Berkshire Hathaway Inc. (NYSE:BRK.A) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $308,555.46 and traded as high as $315,350.00. Berkshire Hathaway shares last traded at $315,350.00, with a volume of 30 shares trading hands.
A number of brokerages recently weighed in on BRK.A. ValuEngine downgraded shares of Berkshire Hathaway from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. UBS Group set a $367,000.00 price target on shares of Berkshire Hathaway and gave the company a “buy” rating in a research note on Wednesday, July 31st.
The company has a market cap of $508.97 billion, a price-to-earnings ratio of 20.98 and a beta of 0.84. The firm has a 50-day moving average price of $304,063.60 and a 200 day moving average price of $308,555.46.
About Berkshire Hathaway (NYSE:BRK.A)
Berkshire Hathaway Inc, through its subsidiaries engages in insurance, freight rail transportation, and utility businesses. It provides property and casualty insurance and reinsurance, as well as life, accident, and health reinsurance; and operates railroad systems in North America. The company also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydro, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, and compressor and meter stations; and holds interest in coal mining assets.
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