Pershing Square (OTCMKTS:PSHZF) Stock Passes Below 50 Day Moving Average – What’s Next?

Shares of Pershing Square Holdings, Ltd. (OTCMKTS:PSHZFGet Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $52.01 and traded as low as $48.69. Pershing Square shares last traded at $48.75, with a volume of 17,253 shares trading hands.

Wall Street Analysts Forecast Growth

PSHZF has been the topic of several analyst reports. UBS Group set a $40.00 price objective on shares of Pershing Square in a research note on Tuesday, May 26th. Royal Bank Of Canada began coverage on Pershing Square in a research report on Tuesday, May 26th. They set a “sector perform” rating for the company. Finally, Jefferies Financial Group raised Pershing Square to a “hold” rating in a report on Tuesday, July 7th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Pershing Square currently has an average rating of “Hold” and an average target price of $40.00.

Get Our Latest Stock Analysis on Pershing Square

Pershing Square Price Performance

The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $51.91 and its 200-day simple moving average is $55.96.

About Pershing Square

(Get Free Report)

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) is a Guernsey-registered closed-ended investment company that offers public investors access to the concentrated investment strategy of Pershing Square Capital Management, L.P. Founded by William “Bill” Ackman, the firm employs a value-oriented, fundamental approach to equity investing, often engaging in activist campaigns to unlock shareholder value. Since its launch in April 2012, Pershing Square Holdings has built a portfolio of high-conviction positions in a select group of publicly traded companies, predominantly in North America and Western Europe.

As a holding company, Pershing Square Holdings does not originate new funds but rather issues ordinary shares to investors seeking exposure to the flagship strategy of Pershing Square Capital.

Further Reading

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