Prosus (OTCMKTS:PROSY) Sets New 52-Week Low – What’s Next?

Prosus N.V. Sponsored ADR (OTCMKTS:PROSYGet Free Report)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $8.34 and last traded at $8.38, with a volume of 565742 shares trading hands. The stock had previously closed at $8.51.

Wall Street Analyst Weigh In

Several brokerages recently commented on PROSY. The Goldman Sachs Group initiated coverage on shares of Prosus in a report on Thursday, June 4th. They issued 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, Zacks Research raised Prosus from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.10.

Read Our Latest Stock Analysis on Prosus

Prosus Stock Down 1.3%

The stock’s fifty day simple moving average is $9.01 and its 200 day simple moving average is $9.98.

Prosus Company Profile

(Get Free Report)

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.

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