Berkshire Hathaway (TSE:BRK) Sets New 1-Year High – Here’s Why

Berkshire Hathaway Inc. (TSE:BRK – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as C$39.01 and last traded at C$39.01, with a volume of 144,497 shares changing hands. The stock had previously closed at C$38.44.

Berkshire Hathaway Price Performance

The firm has a market capitalization of C$1.51 trillion, a PE ratio of 17.79 and a beta of 0.63. The company’s fifty day simple moving average is C$36.85 and its 200 day simple moving average is C$36.02.

About Berkshire Hathaway

(Get Free Report)

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).

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