Pershing Square (OTCMKTS:PSHZF) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZFGet Free Report)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $52.63 and traded as low as $51.75. Pershing Square shares last traded at $51.95, with a volume of 16,988 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group set a $40.00 target price on shares of Pershing Square in a research report on Tuesday, May 26th. Royal Bank Of Canada initiated coverage on shares of Pershing Square in a research note on Tuesday, May 26th. They issued a “sector perform” rating on the stock. Finally, Jefferies Financial Group upgraded Pershing Square to a “hold” rating in a report on Tuesday, July 7th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $40.00.

View Our Latest 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 business has a 50-day simple moving average of $52.56 and a 200-day simple moving average of $56.52.

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.

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