Pershing Square (OTCMKTS:PSHZF) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZFGet Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $51.73 and traded as high as $53.26. Pershing Square shares last traded at $51.83, with a volume of 2,921 shares.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on Pershing Square

Pershing Square Trading Down 1.0%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.49 and a current ratio of 2.49. The firm’s 50-day simple moving average is $51.73 and its two-hundred day simple moving average is $53.80.

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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