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

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

Wall Street Analyst Weigh In

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

Pershing Square Stock Down 3.9%

The company’s 50-day moving average price is $52.01 and its two-hundred day moving average price is $56.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.49 and a current ratio of 2.49.

Pershing Square Company Profile

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.