Prosus (OTCMKTS:PROSY) Shares Gap Down – Here’s What Happened

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) shares gapped down before the market opened on Monday . The stock had previously closed at $13.12, but opened at $12.63. Prosus shares last traded at $12.73, with a volume of 60,678 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group upgraded Prosus from a “hold” rating to a “buy” rating in a research note on Wednesday, September 3rd. Citigroup reissued a “buy” rating on shares of Prosus in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Prosus Stock Up 1.1%

The business’s 50-day moving average price is $13.79 and its 200-day moving average price is $12.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.50 and a current ratio of 3.54.

Prosus Company Profile

Prosus N.V. engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally. It operates internet platforms, such as classifieds, payments and fintech, food delivery, education technology, etail, ventures, social, and other internet platforms. The company was formerly known as Myriad International Holdings N.V.