Pershing Square (OTCMKTS:PSHZF) Hits New 12-Month Low – What’s Next?

Shares of Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) reached a new 52-week low on Wednesday. The stock traded as low as $48.10 and last traded at $48.30, with a volume of 33235 shares traded. The stock had previously closed at $49.2250.

Analyst Upgrades and Downgrades

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

Pershing Square Price Performance

The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average is $51.46 and its two-hundred day moving average is $53.01.

About Pershing Square

Pershing Square Holdings, Ltd. is a closed-end investment holding company that seeks long-term capital appreciation by investing primarily in a concentrated portfolio of publicly traded companies. The company is managed by Pershing Square Capital Management, L.P., an investment adviser known for fundamental, research-driven investing and active engagement with portfolio companies.

Pershing Square typically invests in large, established businesses with durable competitive advantages, strong cash-flow characteristics and opportunities for operational or strategic improvement.