Pershing Square (OTCMKTS:PSHZF) Share Price Passes Below 200-Day Moving Average – Here’s Why

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $60.33 and traded as low as $54.55. Pershing Square shares last traded at $54.90, with a volume of 23,306 shares changing hands.

Pershing Square Stock Performance

The business has a fifty day moving average price of $55.43 and a 200 day moving average price of $60.33. The company has a quick ratio of 2.49, a current 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.