Pershing Square (LON:PSH) Trading 0.7% Higher – Time to Buy?

Pershing Square Holdings (LON:PSH)’s share price rose 0.7% on Tuesday . The company traded as high as GBX 3,664.13 ($47.57) and last traded at GBX 3,640 ($47.26). Approximately 121,179 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 168,998 shares. The stock had previously closed at GBX 3,616 ($46.95).

Pershing Square Stock Performance

The company has a quick ratio of 8.65, a current ratio of 22.15 and a debt-to-equity ratio of 19.50. The company has a market cap of £6.70 billion, a PE ratio of 345.35 and a beta of 0.97. The company has a 50-day moving average of GBX 3,599.68 and a 200-day moving average of GBX 3,898.12.

Pershing Square Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be paid a $0.15 dividend. This is a boost from Pershing Square’s previous dividend of $0.13. This represents a yield of 0.32%. The ex-dividend date is Thursday, November 14th. Pershing Square’s payout ratio is currently 436.43%.

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.