Prosus (OTCMKTS:PROSY) Reaches New 1-Year High - Should You Buy?

Key Points

• Prosus N.V. stock reached a new 52-week high of $13.31, last trading at $13.29, indicating positive market momentum with a trading volume of 66,381 shares.
• Several analysts upgraded Prosus, with Jefferies Financial Group moving their rating from "hold" to "buy," contributing to an overall average "Buy" rating from analysts.
• The company maintains a strong financial position with a debt-to-equity ratio of 0.29 and high current (3.54) and quick (3.50) ratios, suggesting sound liquidity and stability.

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.31 and last traded at $13.29, with a volume of 66381 shares trading hands. The stock had previously closed at $12.98.

Analyst Upgrades and Downgrades

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

Prosus Price Performance

The business has a 50 day simple moving average of $12.14 and a 200-day simple moving average of $10.63. The company has a quick ratio of 3.50, a current ratio of 3.54 and a debt-to-equity ratio of 0.29.

About Prosus

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.