Prosus (OTCMKTS:PROSY) Hits New 1-Year High - Here's Why

Key Points

• Prosus N.V. stock has achieved a new **52-week high** of $12.77, closing at $12.74 with a trading volume of **74,663 shares**.
• Analysts have upgraded Prosus from a "hold" to a "**buy**" rating, and the stock currently holds an average rating of **"Buy"** from multiple analysts.
• The company's financial metrics include a **debt-to-equity ratio** of 0.29 and a **current ratio** of 3.54, indicating strong liquidity management.

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $12.77 and last traded at $12.74, with a volume of 74663 shares trading hands. The stock had previously closed at $12.50.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup restated a "buy" rating on shares of Prosus in a report on Wednesday, June 25th. Jefferies Financial Group upgraded shares of Prosus from a "hold" rating to a "buy" rating in a report on Wednesday, September 3rd. 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 company presently has a consensus rating of "Buy".

Prosus Trading Down 0.6%

The business has a fifty day moving average of $11.97 and a 200-day moving average of $10.53. The company has a current ratio of 3.54, a quick ratio of 3.50 and a debt-to-equity ratio of 0.29.

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.