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

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analysts Set New Price Targets

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

Pershing Square Stock Down 2.4%

The firm’s fifty day simple moving average is $55.45 and its 200 day simple moving average is $59.23. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.24.

About Pershing Square

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.