Pershing Square (OTCMKTS:PSHZF) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $59.23 and traded as low as $51.16. Pershing Square shares last traded at $51.45, with a volume of 9,428 shares changing hands.

Wall Street Analysts Forecast Growth

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

Pershing Square Stock Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 2.49 and a quick ratio of 2.49. The stock’s 50-day moving average is $55.45 and its two-hundred day moving average is $59.23.

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.