Prosus (OTCMKTS:PROSY) Sets New 52-Week Low – Here’s Why

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

Analyst Ratings Changes

A number of brokerages have commented on PROSY. Morgan Stanley reiterated an “overweight” rating on shares of Prosus in a report on Tuesday, June 30th. Zacks Research raised Prosus from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. The Goldman Sachs Group assumed coverage on Prosus in a research report on Thursday, June 4th. They issued a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Prosus in a research note on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.10.

Prosus Price Performance

The business’s 50-day moving average price is $8.90 and its two-hundred 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.