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

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $8.15 and last traded at $8.1795, with a volume of 642359 shares changing hands. The stock had previously closed at $8.40.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PROSY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Prosus in a research report on Thursday, July 23rd. Zacks Research upgraded Prosus from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Prosus in a research note on Tuesday, June 30th. Finally, The Goldman Sachs Group started coverage on shares of Prosus in a research report on Thursday, June 4th. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.10.

Prosus Trading Down 3.3%

The company’s 50 day moving average price is $8.90 and its 200-day moving average price is $9.25.

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.