Prosus (OTCMKTS:PROSY) Shares Gap Up – Here’s Why

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $9.97, but opened at $10.75. Prosus shares last traded at $10.84, with a volume of 198,087 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of Prosus in a report on Thursday, December 11th. Barclays restated an “overweight” rating on shares of Prosus in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Prosus has an average rating of “Buy”.

Prosus Stock Up 9.0%

The business’s 50 day simple moving average is $11.29 and its two-hundred day simple moving average is $12.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.62 and a current ratio of 3.66.

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.