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

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $8.67, but opened at $8.23. Prosus shares last traded at $8.2765, with a volume of 148,501 shares changing hands.

Analyst Ratings Changes

PROSY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Prosus in a research report on Thursday, July 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Prosus in a research note on Tuesday, June 30th. Finally, The Goldman Sachs Group initiated coverage on Prosus in a report on Thursday, June 4th. They set a “neutral” rating for the company. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Prosus currently has an average rating of “Moderate Buy” and a consensus price target of $11.10.

Prosus Trading Down 5.7%

The business has a 50 day simple moving average of $8.82 and a two-hundred day simple moving average of $9.19.

Prosus Company Profile

Prosus N.V. is a global consumer internet and technology group headquartered in Amsterdam, the Netherlands. The company develops, operates and invests in technology businesses serving consumers and businesses through digital platforms, with activities spanning online classifieds, food delivery, payments and fintech, education technology, travel and other internet services.

Prosus’s portfolio has included businesses such as OLX, an online classifieds platform, and iFood, a food-delivery service operating in Latin America.