Prosus (OTCMKTS:PROSY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) saw unusually-strong trading volume on Tuesday. Approximately 2,591,367 shares changed hands during mid-day trading, an increase of 122% from the average daily volume of 1,168,032 shares. The stock last traded at $8.34 and had previously closed at $8.41.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PROSY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Prosus in a report on Thursday, July 23rd. Zacks Research downgraded shares of Prosus from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.10.

Prosus Stock Down 0.7%

The company’s 50 day moving average is $8.12 and its 200 day moving average is $9.22.

Prosus Company Profile

Prosus is a global consumer internet group that operates and invests in technology businesses. Its activities span online marketplaces and classifieds, food delivery, payments and fintech, and other digital services. Its portfolio includes businesses serving consumers and merchants across a range of markets. The company has operations and investments across Europe, Asia, Latin America and Africa. Prosus was formed from the international internet assets of South African group Naspers and became a separately listed company in 2019.