Pershing Square (LON:PSH) Stock Price Up 0.3% - Still a Buy?

Shares of Pershing Square Holdings (LON:PSH - Get Free Report) rose 0.3% on Wednesday . The company traded as high as GBX 4,732 ($63.22) and last traded at GBX 4,636 ($61.94). Approximately 136,185 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 198,983 shares. The stock had previously closed at GBX 4,620 ($61.72).

Pershing Square Stock Up 0.3%

The business's fifty day moving average is GBX 4,530.53 and its two-hundred day moving average is GBX 4,076.86. The company has a quick ratio of 8.65, a current ratio of 40.41 and a debt-to-equity ratio of 18.59. The stock has a market cap of £8.26 billion, a price-to-earnings ratio of 7.29 and a beta of 0.97.

Insider Buying and Selling

In other news, insider Jean-Baptiste Wautier purchased 23,300 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average price of GBX 4,274 per share, for a total transaction of £995,842. Also, insider Rupert Morley purchased 1,871 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average price of GBX 4,274 per share, with a total value of £79,966.54. 1.30% of the stock is owned by insiders.

Pershing Square Company Profile

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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