Brookfield Asset Management (TSE:BAM) Stock Crosses Above 200 Day Moving Average – Here’s Why

by · The Cerbat Gem

Brookfield Asset Management Ltd. (TSE:BAM – Get Free Report) (NYSE:BAM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$66.20 and traded as high as C$70.00. Brookfield Asset Management shares last traded at C$67.42, with a volume of 1,908,499 shares trading hands.

Brookfield Asset Management Price Performance

The company has a debt-to-equity ratio of 54.43, a current ratio of 2.97 and a quick ratio of 0.95. The business’s 50 day moving average price is C$69.58 and its 200 day moving average price is C$66.15. The stock has a market capitalization of C$104.44 billion, a P/E ratio of 37.58, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40.

Brookfield Asset Management Company Profile

(Get Free Report)

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world – including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

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