Brookfield Asset Management (TSE:BAM) Stock Price Breaks Below 200 Day Moving Average – Should You Sell?

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$66.46 and traded as low as C$64.22. Brookfield Asset Management shares last traded at C$64.40, with a volume of 1,594,527 shares traded.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised shares of Brookfield Asset Management to a “strong-buy” rating in a research note on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Brookfield Asset Management has an average rating of “Buy” and an average price target of C$75.00.

Brookfield Asset Management Stock Performance

The firm has a market cap of C$104.20 billion, a PE ratio of 37.49, a P/E/G ratio of 0.43 and a beta of 1.54. The stock has a 50-day moving average price of C$67.90 and a 200 day moving average price of C$66.52. The company has a debt-to-equity ratio of 54.43, a current ratio of 2.97 and a quick ratio of 0.95.

About Brookfield Asset Management

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.