Pershing Square (OTCMKTS:PSHZF) Sets New 52-Week Low – Here’s What Happened

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

Wall Street Analyst Weigh In

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

Pershing Square Price Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.49 and a current ratio of 27.42. The company has a 50-day moving average of $51.26 and a 200 day moving average of $52.81.

About Pershing Square

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.