Pershing Square (OTCMKTS:PSHZF) Hits New 1-Year Low – Time to Sell?

Shares of Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $48.10 and last traded at $48.30, with a volume of 33235 shares trading hands. The stock had previously closed at $49.2250.

Analyst Upgrades and Downgrades

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

Pershing Square Price Performance

The company’s 50-day simple moving average is $51.63 and its 200-day simple moving average is $53.10. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.24.

About Pershing Square

Pershing Square Holdings, Ltd. is a closed-end investment holding company that seeks long-term capital appreciation by investing primarily in a concentrated portfolio of publicly traded companies. The company is managed by Pershing Square Capital Management, L.P., an investment adviser known for fundamental, research-driven investing and active engagement with portfolio companies.

Pershing Square typically invests in large, established businesses with durable competitive advantages, strong cash-flow characteristics and opportunities for operational or strategic improvement.