Pershing Square (OTCMKTS:PSHZF) Sets New 52-Week Low – Time to Sell?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $48.12 and last traded at $48.3170, with a volume of 28803 shares. The stock had previously closed at $49.47.

Analyst Ratings Changes

PSHZF has been the subject of several recent research reports. UBS Group set a $40.00 price target on Pershing Square in a report on Tuesday, May 26th. Jefferies Financial Group raised Pershing Square to a “hold” rating in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada began coverage on Pershing Square in a research report on Tuesday, May 26th. They set a “sector perform” rating on the stock. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Pershing Square has an average rating of “Hold” and a consensus price target of $40.00.

Pershing Square Stock Performance

The company’s 50-day moving average price is $53.79 and its 200 day moving average price is $57.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.49 and a current ratio of 2.49.

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.