Prosus (OTCMKTS:PROSY) Sees Large Volume Increase – Here’s Why

Shares of Prosus N.V. Sponsored ADR (OTCMKTS:PROSYGet Free Report) saw strong trading volume on Tuesday . 2,541,923 shares traded hands during mid-day trading, an increase of 231% from the previous session’s volume of 769,021 shares.The stock last traded at $11.08 and had previously closed at $11.47.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PROSY shares. Citigroup reissued a “buy” rating on shares of Prosus in a research note on Thursday, December 11th. Barclays reissued an “overweight” rating on shares of Prosus in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Check Out Our Latest Research Report on PROSY

Prosus Stock Down 2.7%

The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.62 and a current ratio of 3.66. The firm’s 50 day moving average price is $12.32 and its 200 day moving average price is $12.78.

About Prosus

(Get Free Report)

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.

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