Pershing Square (OTCMKTS:PSHZF) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 traded.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PSHZF shares. UBS Group set a $40.00 target price on Pershing Square in a report on Tuesday, May 26th. Jefferies Financial Group upgraded Pershing Square to a “hold” rating in a research report on Tuesday, July 7th. Finally, Royal Bank Of Canada began coverage on shares of Pershing Square in a research note on Tuesday, May 26th. They set a “sector perform” rating on the stock. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.00.

Pershing Square Stock Down 0.1%

The business has a fifty day simple moving average of $52.63 and a 200 day simple moving average of $56.62. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.24.

About Pershing Square

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.