Pershing Square (OTCMKTS:PSHZF) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $54.58 and traded as low as $52.61. Pershing Square shares last traded at $52.92, with a volume of 9,407 shares.

Analyst Upgrades and Downgrades

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

Pershing Square Trading Down 1.0%

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 company has a fifty day moving average price of $51.23 and a two-hundred day moving average price of $54.52.

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.