Brookfield Asset Management (TSE:BAM.A) Sets New 52-Week High at $63.64

Brookfield Asset Management Inc (TSE:BAM.A) (NYSE:BAM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$63.64 and last traded at C$63.42, with a volume of 67242 shares traded. The stock had previously closed at C$63.41.

The stock has a market capitalization of $60.36 billion and a PE ratio of 24.70. The company has a quick ratio of 0.79, a current ratio of 1.11 and a debt-to-equity ratio of 121.21.

In other news, Director Timothy Robert Price sold 200,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$62.00, for a total transaction of C$12,400,000.00. Following the sale, the director now directly owns 3,971,794 shares of the company’s stock, valued at C$246,251,228. Also, Director Sam Jb Pollock sold 180,591 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of C$63.15, for a total value of C$11,403,675.86. Following the sale, the director now directly owns 2,254,022 shares in the company, valued at C$142,333,428.92. Insiders have sold 1,022,064 shares of company stock worth $63,911,416 over the last ninety days.

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About Brookfield Asset Management (TSE:BAM.A)

Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.

Further Reading: Overbought

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