Pershing Square (OTCMKTS:PSHZF) Sets New 12-Month Low – What’s Next?

Shares of Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF – Get Free Report) hit a new 52-week low during trading on Thursday. The company traded as low as $47.27 and last traded at $47.27, with a volume of 6977 shares traded. The stock had previously closed at $48.50.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded Pershing Square to a “hold” rating in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.00.

Check Out Our Latest Analysis on PSHZF

Pershing Square Trading Down 2.4%

The business has a fifty day moving average of $51.26 and a 200-day moving average of $52.81. The company has a debt-to-equity ratio of 0.28, a current ratio of 27.42 and a quick ratio of 2.49.

About Pershing Square

(Get Free Report)

Pershing Square Holdings, Ltd. is a closed-end investment holding company that seeks to generate long-term returns by investing in a concentrated portfolio of publicly traded companies. Rather than operating businesses or selling consumer products, the company provides investors with exposure to an actively managed portfolio of equity investments.

The portfolio is managed by Pershing Square Capital Management, L.P., an investment management firm founded by William A. Ackman. Pershing Square typically focuses on high-quality, large-capitalization companies and may take an activist investment approach, working to influence corporate strategy, operations, capital allocation, or governance when it believes doing so can enhance long-term value.

Pershing Square Holdings was established in 2012 and became publicly listed in 2014.

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