Pershing Square (OTCMKTS:PSHZF) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $58.71 and traded as low as $50.21. Pershing Square shares last traded at $50.53, with a volume of 38,416 shares.

Wall Street Analyst Weigh In

PSHZF has been the subject of several analyst reports. Jefferies Financial Group raised shares of Pershing Square to a “hold” rating in a research note on Tuesday, May 26th. UBS Group set a $40.00 target price on shares of Pershing Square in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada initiated coverage on Pershing Square in a report on Tuesday, May 26th. They set a “sector perform” rating on the stock. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $40.00.

Pershing Square Price Performance

The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $55.17 and a two-hundred day moving average of $58.71.

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.