Prosus (OTCMKTS:PROSY) Reaches New 1-Year Low – What’s Next?

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $8.30 and last traded at $8.3230, with a volume of 426834 shares traded. The stock had previously closed at $8.40.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Zacks Research raised shares of Prosus from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. The Goldman Sachs Group initiated coverage on shares of Prosus in a report on Thursday, June 4th. They set a “neutral” rating for the company. Morgan Stanley restated an “overweight” rating on shares of Prosus in a research report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Prosus in a report on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Prosus currently has an average rating of “Moderate Buy” and an average target price of $11.10.

Prosus Stock Performance

The firm’s fifty day moving average price is $8.93 and its two-hundred day moving average price is $9.29.

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.