Prosus (OTCMKTS:PROSY) Reaches New 52-Week High – Time to Buy?

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY)’s stock price hit a new 52-week high on Thursday . The company traded as high as $14.70 and last traded at $14.62, with a volume of 46725 shares. The stock had previously closed at $14.30.

Wall Street Analysts Forecast Growth

PROSY has been the topic of several recent analyst reports. Jefferies Financial Group raised Prosus from a “hold” rating to a “buy” rating in a research report on Wednesday, September 3rd. Citigroup reissued a “buy” rating on shares of Prosus in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Prosus has an average rating of “Buy”.

Prosus Stock Up 2.2%

The business’s 50 day simple moving average is $13.65 and its 200 day simple moving average is $11.97. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.54 and a quick ratio of 3.50.

Prosus Company Profile

Prosus N.V. engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally. It operates internet platforms, such as classifieds, payments and fintech, food delivery, education technology, etail, ventures, social, and other internet platforms. The company was formerly known as Myriad International Holdings N.V.