Prosus (OTCMKTS:PROSY) Hits New 12-Month Low – Time to Sell?

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY)’s share price reached a new 52-week low during trading on Wednesday. The stock traded as low as $7.75 and last traded at $7.76, with a volume of 103,663 shares changing hands. The stock had previously closed at $8.00.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PROSY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Prosus in a research report on Thursday, July 23rd. Zacks Research cut shares of Prosus from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Prosus in a research note on Tuesday, June 30th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.10.

Prosus Stock Performance

The firm’s 50-day moving average price is $8.33 and its 200 day moving average price is $8.92.

Prosus Company Profile

Prosus N.V. is a global consumer internet group and technology investor headquartered in the Netherlands. It is a subsidiary of Naspers and focuses on building and investing in businesses that serve large consumer markets through digital platforms and online services.

The company’s activities include food delivery, online classifieds, payments and fintech, education technology, and other internet-based services. Its portfolio has included businesses such as iFood, OLX, PayU and other consumer technology platforms, while its investment activities have also included holdings in major global technology companies.

Prosus operates and invests across a range of geographies, including Europe, India, Latin America, Africa and Southeast Asia.