Prosus (OTCMKTS:PROSY) Sets New 12-Month Low – Here’s Why

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $8.7050 and last traded at $8.71, with a volume of 83117 shares. The stock had previously closed at $8.95.

Analysts Set New Price Targets

PROSY has been the topic of a number of recent research reports. Morgan Stanley set a $11.10 price objective on Prosus in a research note on Friday. The Goldman Sachs Group started coverage on Prosus in a report on Thursday, June 4th. They set a “neutral” rating on the stock. Finally, Zacks Research raised Prosus from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $11.10.

Prosus Trading Down 3.2%

The company’s 50-day moving average is $9.43 and its 200-day moving average is $10.53. The company has a current ratio of 3.66, a quick ratio of 3.62 and a debt-to-equity ratio of 0.30.

About Prosus

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.