Pershing Square (OTCMKTS:PSHZF) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-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 trading hands.

Analysts Set New Price Targets

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

Pershing Square Stock Performance

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

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.