Pershing Square (OTCMKTS:PSHZF) Shares Gap Down – Here’s What Happened
by Sarita Garza · The Markets DailyPershing Square Holdings, Ltd. (OTCMKTS:PSHZF – Get Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $56.20, but opened at $54.40. Pershing Square shares last traded at $56.09, with a volume of 4,266 shares traded.
Pershing Square Trading Down 1.2%
The stock’s 50-day moving average price is $56.85 and its two-hundred day moving average price is $61.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.49 and a quick ratio of 2.49.
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.