Pershing Square (LON:PSH) Shares Break Above 50 Day Moving Average – Here’s Why

Pershing Square Holdings (LON:PSH – Get Free Report) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 3,783.50 and traded as high as GBX 3,882. Pershing Square shares last traded at GBX 3,826, with a volume of 1,871,815 shares changing hands.

Pershing Square Stock Up 0.1%

The company has a fifty day simple moving average of GBX 3,783.50 and a 200-day simple moving average of GBX 4,036.93. The company has a quick ratio of 8.65, a current ratio of 1.87 and a debt-to-equity ratio of 28.00. The firm has a market cap of £6.65 billion, a P/E ratio of -5.07 and a beta of 0.88.

Pershing Square Company Profile

(Get Free Report)

Pershing Square Holdings (LN:PSHD) is an investment holding company structured as a closed-ended fund that makes concentrated investments in publicly traded, principally North American-domiciled, companies. The investment objective is to maximize long-term compound annual rate of growth in intrinsic value per share.

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