Pershing Square (OTCMKTS:PSHZF) Shares Gap Down - Here's What Happened

Key Points

• Pershing Square (OTCMKTS:PSHZF) shares gapped down before the open Friday, opening at $54.40 versus a prior close of $56.20; the stock last traded at $56.09 on light volume (4,266 shares) and was down about 1.2%.
• Key financial/technical metrics show a current and quick ratio of 2.49, debt-to-equity of 0.24, and moving averages of $56.85 (50-day) and $61.22 (200-day), leaving the price below its longer-term average.
• Pershing Square Holdings is a Guernsey-registered, closed-ended investment company run by Bill Ackman that offers public investors exposure to a concentrated, activist, value-oriented equity strategy since 2012.

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF - Get Free Report)'s share price gapped down before the market opened 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 changing hands.

Pershing Square Trading Down 1.2%

The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.24. The stock's 50-day simple moving average is $56.85 and its 200-day simple moving average is $61.22.

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.

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