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

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

Wall Street Analysts Forecast Growth

PROSY has been the subject of a number of research analyst reports. The Goldman Sachs Group assumed coverage on Prosus in a report on Thursday, June 4th. They issued a “neutral” rating for the company. Morgan Stanley reissued an “overweight” rating on shares of Prosus in a research report on Tuesday, June 30th. Zacks Research upgraded shares of Prosus from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Prosus in a research note on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.10.

Prosus Stock Performance

The company’s 50 day moving average price is $8.94 and its 200 day moving average price 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.