Berkshire Hathaway (NYSE:BRK.B) Shares Cross Above 200-Day Moving Average of $0.00

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Berkshire Hathaway Inc. (NYSE:BRK.B) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $197.24. Berkshire Hathaway shares last traded at $196.46, with a volume of 1,848,702 shares trading hands.

Separately, Zacks Investment Research cut shares of Berkshire Hathaway from a “hold” rating to a “sell” rating in a research note on Monday, May 13th.

The stock has a market capitalization of $487.22 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 2.72 and a beta of 0.86. The firm has a 50 day moving average price of $208.28.

Berkshire Hathaway Company Profile (NYSE:BRK.B)

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, and distributes electricity primarily from solar, wind, geothermal, and hydro sources; operates natural gas distribution and storage facilities, interstate pipelines, and compressor and meter stations; and holds interest in coal mining assets.

Further Reading: Hedge Funds Explained

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