Prosus (OTCMKTS:PROSY) Reaches New 12-Month Low – What’s Next?

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY)’s stock price reached a new 52-week low during trading on Wednesday. The stock traded as low as $7.75 and last traded at $7.76, with a volume of 103,663 shares trading hands. The stock had previously closed at $8.00.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Zacks Research cut shares of Prosus from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. Morgan Stanley reiterated an “overweight” rating on shares of Prosus in a research note on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Prosus in a report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.10.

Prosus Trading Down 3.2%

The firm’s fifty day moving average is $8.38 and its 200 day moving average is $8.94.

Prosus Company Profile

Prosus N.V. is a global consumer internet group and technology investor headquartered in the Netherlands. It is a subsidiary of Naspers and focuses on building and investing in businesses that serve large consumer markets through digital platforms and online services.

The company’s activities include food delivery, online classifieds, payments and fintech, education technology, and other internet-based services. Its portfolio has included businesses such as iFood, OLX, PayU and other consumer technology platforms, while its investment activities have also included holdings in major global technology companies.

Prosus operates and invests across a range of geographies, including Europe, India, Latin America, Africa and Southeast Asia.