Brick (TSE:BRK) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• Brick Ltd. (TSE:BRK) has surpassed its 200-day moving average for the first time, indicating potential upward momentum in its stock performance.
• The current trading price of Brick shares is C$37.10, with a market capitalization of C$1.45 trillion and a P/E ratio of 23.05.
• Despite the positive movement, Brick stock is currently down 0.3%, reflecting some market hesitation.

The Brick Ltd. (TSE:BRK - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$36.91 and traded as high as C$37.34. Brick shares last traded at C$37.10, with a volume of 115,463 shares trading hands.

Brick Stock Performance

The firm has a 50 day simple moving average of C$35.72 and a two-hundred day simple moving average of C$36.92. The firm has a market capitalization of C$1.45 trillion, a P/E ratio of 22.99 and a beta of 0.73.

About Brick

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).