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

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

Analyst Ratings Changes

PROSY has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Prosus in a research 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 report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Prosus in a research note on Thursday, July 23rd. Finally, Zacks Research upgraded Prosus from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.10.

Prosus Trading Down 0.8%

The stock’s fifty day simple moving average is $8.94 and its two-hundred day simple moving average is $9.32.

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.