Pershing Square (OTCMKTS:PSHZF) Share Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Pershing Square's share price has crossed above its 50-day moving average of $55.34, trading as high as $58.29 before settling at $57.92.
• The company announced a quarterly dividend of $0.1646, scheduled for payment on September 19th, reflecting an annualized yield of 1.1%.
• Pershing Square operates as a closed-ended balanced fund, primarily investing in value stocks across diverse sectors in public equity and fixed income markets.

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $55.34 and traded as high as $58.29. Pershing Square shares last traded at $57.92, with a volume of 16,852 shares trading hands.

Pershing Square Trading Up 1.4%

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 stock's fifty day simple moving average is $55.54 and its 200-day simple moving average is $52.08.

Pershing Square Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 15th will be issued 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.