Pershing Square (OTCMKTS:PSHZF) Sees Large Volume Increase - Time to Buy?

Key Points

• Pershing Square Holdings experienced a significant increase in trading volume of 56%, with 34,883 shares traded on Tuesday, up from 22,300 shares previously.
• The stock price increased by 1.0%, closing at $60.82 after a previous closing of $60.24.
• A quarterly dividend of $0.1646 per share has been announced, payable to investors of record on August 15th, representing an annualized yield of 1.1%.

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF - ) shares saw an uptick in trading volume on Tuesday . 34,883 shares traded hands during trading, an increase of 56% from the previous session's volume of 22,300 shares.The stock last traded at $60.82 and had previously closed at $60.24.

Pershing Square Stock Up 1.0%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.01 and a current ratio of 2.01. The business has a 50 day moving average of $56.66 and a 200 day moving average of $52.24.

Pershing Square Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 15th will be paid a dividend of $0.1646 per share. This represents a $0.66 annualized dividend and a yield of 1.1%.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.

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