Pershing Square (OTCMKTS:PSHZF) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $58.71 and traded as low as $50.21. Pershing Square shares last traded at $50.53, with a volume of 38,416 shares trading hands.

Analyst Upgrades and Downgrades

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

Pershing Square Price Performance

The stock has a 50 day moving average price of $55.17 and a two-hundred day moving average price of $58.71. 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.