Pershing Square (LON:PSH) Hits New 1-Year High – Here’s Why

Pershing Square Holdings (LON:PSH)’s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 4,868 and last traded at GBX 4,862, with a volume of 340696 shares. The stock had previously closed at GBX 4,802.

Pershing Square Stock Down 0.3%

The company has a debt-to-equity ratio of 18.59, a current ratio of 40.41 and a quick ratio of 8.65. The stock has a market capitalization of £8.49 billion, a P/E ratio of 7.50 and a beta of 0.97. The stock’s fifty day moving average is GBX 4,665.37 and its two-hundred day moving average is GBX 4,227.51.

Insiders Place Their Bets

In other news, insider Jean-Baptiste Wautier bought 23,300 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of GBX 4,274 per share, with a total value of £995,842. Also, insider Rupert Morley purchased 1,871 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were purchased at an average price of GBX 4,274 per share, for a total transaction of £79,966.54. Insiders own 1.31% of the company’s stock.

About Pershing Square

Pershing Square Holdings (LN:PSHD) is an investment holding company structured as a closed-ended fund that makes concentrated investments in publicly traded, principally North American-domiciled, companies. The investment objective is to maximize long-term compound annual rate of growth in intrinsic value per share.