Pershing Square (OTCMKTS:PSHZF) Sees Large Volume Increase – Here’s What Happened

Shares of Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) saw strong trading volume on Thursday. Approximately 41,713 shares traded hands during trading, an increase of 116% from the previous session’s volume of 19,307 shares. The stock last traded at $47.50 and had previously closed at $48.53.

Analyst Upgrades and Downgrades

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

Pershing Square Stock Performance

The company’s 50-day moving average is $51.41 and its 200-day moving average is $52.98. The company has a current ratio of 27.42, a quick ratio of 2.49 and a debt-to-equity ratio of 0.28.

Pershing Square Company Profile

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.