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

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

Pershing Square Trading Down 0.6%

The company has a debt-to-equity ratio of 18.59, a quick ratio of 8.65 and a current ratio of 40.41. The firm has a market capitalization of £8.25 billion, a P/E ratio of 7.29 and a beta of 0.97. The firm has a 50 day simple moving average of GBX 4,684.17 and a two-hundred day simple moving average of GBX 4,241.90.

Insider Activity at Pershing Square

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

Pershing Square Company Profile

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.