Prosus (OTCMKTS:PROSY) Shares Gap Down – Time to Sell?

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) shares gapped down before the market opened on Monday . The stock had previously closed at $13.12, but opened at $12.63. Prosus shares last traded at $12.73, with a volume of 60,678 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Jefferies Financial Group raised Prosus from a “hold” rating to a “buy” rating in a report on Wednesday, September 3rd. Citigroup reaffirmed a “buy” rating on shares of Prosus in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Prosus Stock Down 2.7%

The company’s fifty day simple moving average is $13.80 and its 200 day simple moving average is $12.19. The company has a quick ratio of 3.50, a current ratio of 3.54 and a debt-to-equity ratio of 0.29.

Prosus Company Profile

Prosus N.V. engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally. It operates internet platforms, such as classifieds, payments and fintech, food delivery, education technology, etail, ventures, social, and other internet platforms. The company was formerly known as Myriad International Holdings N.V.