Pershing Square (LON:PSH) Reaches New 52-Week High - Should You Buy?

Pershing Square Holdings (LON:PSH - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 4,372 ($55.03) and last traded at GBX 4,362 ($54.90), with a volume of 44733 shares traded. The stock had previously closed at GBX 4,366 ($54.95).

Pershing Square Stock Performance

The firm has a market capitalization of £10.31 billion, a price-to-earnings ratio of 4.72 and a beta of 0.97. The company has a quick ratio of 8.65, a current ratio of 40.41 and a debt-to-equity ratio of 18.59. The stock has a 50-day moving average price of GBX 4,072.29 and a 200 day moving average price of GBX 3,774.47.

Pershing Square Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 19th. Investors of record on Thursday, November 13th will be issued a $0.16 dividend. This represents a yield of 0.32%. This is an increase from Pershing Square's previous dividend of $0.15. The ex-dividend date is Thursday, November 13th. Pershing Square's dividend payout ratio is 4.82%.

Pershing Square Company Profile

Pershing Square Holdings LN:PSHD) (NA: PSH is an investment holding company structured as a closed-ended fund that makes concentrated investments in publicly traded, principally North American-domiciled, companies. The investment objective is to maximize long-term compound annual rate of growth in intrinsic value per share.