Prosus (OTCMKTS:PROSY) Hits New 52-Week Low – Here’s What Happened

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

Wall Street Analysts Forecast Growth

PROSY has been the topic of a number of recent analyst reports. The Goldman Sachs Group started coverage on shares of Prosus in a report on Thursday, June 4th. They issued a “neutral” rating on the stock. Morgan Stanley set a $11.10 price objective on shares of Prosus in a research note on Friday. Finally, Zacks Research upgraded shares of Prosus from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.10.

Prosus Stock Down 3.1%

The company has a debt-to-equity ratio of 0.30, a current ratio of 3.66 and a quick ratio of 3.62. The stock has a 50-day moving average price of $9.38 and a two-hundred day moving average price of $10.48.

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.