Pershing Square (OTCMKTS:PSHZF) Stock Passes Below 50 Day Moving Average - Here's Why

Key Points

• Shares of Pershing Square Holdings fell below their 50-day moving average, currently at $54.52, with the last trade at $54.30.
• The company has announced a quarterly dividend of $0.1646 per share, which yields 1.2% annually, payable on September 19th.
• Pershing Square maintains a current ratio of 2.01, indicating solid liquidity, and a low debt-to-equity ratio of 0.18.

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF - Get Free Report)'s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $54.52 and traded as low as $54.15. Pershing Square shares last traded at $54.30, with a volume of 16,144 shares changing hands.

Pershing Square Stock Performance

The firm's 50-day simple moving average is $54.58 and its 200 day simple moving average is $51.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.01 and a current ratio of 2.01.

Pershing Square Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders 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 dividend yield of 1.2%.

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.