Brookfield (TSE:BN) Stock Price Up 1.6% – Here’s Why

Brookfield Co. (TSE:BN)’s stock price shot up 1.6% on Tuesday . The company traded as high as C$54.82 and last traded at C$54.48. 2,606,424 shares changed hands during trading, a decline of 17% from the average session volume of 3,138,843 shares. The stock had previously closed at C$53.60.

Brookfield Stock Down 0.3%

The company’s 50-day moving average price is C$61.70 and its 200-day moving average price is C$69.33. The firm has a market cap of C$120.60 billion, a price-to-earnings ratio of 109.65 and a beta of 1.56.

Brookfield (TSE:BN) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.86 earnings per share for the quarter. The firm had revenue of C$27.67 billion during the quarter. Brookfield had a net margin of 1.73% and a return on equity of 2.83%. Analysts predict that Brookfield Co. will post 6.4136752 earnings per share for the current fiscal year.

Brookfield Company Profile

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.