Pershing Square (OTCMKTS:PSHZF) Sees Strong Trading Volume – Here’s Why

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZFGet Free Report) shares saw an uptick in trading volume on Wednesday . 30,473 shares were traded during trading, an increase of 31% from the previous session’s volume of 23,204 shares.The stock last traded at $52.30 and had previously closed at $53.26.

Analyst Upgrades and Downgrades

Several research firms recently commented on PSHZF. Royal Bank Of Canada began coverage on shares of Pershing Square in a research report on Tuesday, May 26th. They set a “sector perform” rating on the stock. UBS Group set a $40.00 target price on shares of Pershing Square in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group upgraded shares of Pershing Square to a “hold” rating in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $40.00.

Get Our Latest Stock Analysis on Pershing Square

Pershing Square Price Performance

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 firm’s fifty day simple moving average is $55.46 and its 200-day simple moving average is $59.48.

About Pershing Square

(Get Free Report)

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.

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