Prosus (OTCMKTS:PROSY) Sets New 12-Month Low – Here’s Why

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $8.7050 and last traded at $8.71, with a volume of 83117 shares traded. The stock had previously closed at $8.95.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley set a $11.10 target price on Prosus in a research report on Friday. Zacks Research upgraded Prosus from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, The Goldman Sachs Group initiated coverage on Prosus in a report on Thursday, June 4th. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.10.

Prosus Stock Down 3.2%

The company has a quick ratio of 3.62, a current ratio of 3.66 and a debt-to-equity ratio of 0.30. The firm’s 50 day simple moving average is $9.43 and its two-hundred day simple moving average is $10.53.

Prosus Company Profile

Prosus is a global consumer internet group and investment company that focuses on creating and scaling technology businesses across classifieds, food delivery, payments and fintech, education, and e‑commerce. Formed as a publicly listed entity in 2019 out of the broader Naspers organization, Prosus combines operating platforms with long‑term strategic equity investments in digital companies, seeking to capture growth in online consumer services and financial technology.

The company’s portfolio includes a mix of majority‑owned operating businesses and minority stakes in high‑growth internet companies.