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Prosus (OTCMKTS:PROSY) Hits New 12-Month High - Here's What Happened

Prosus logo with Retail/Wholesale background

Key Points

  • Prosus shares reached a new 52-week high of $12.45, closing at $12.39 after trading 66,756 shares on the day.
  • Citigroup reaffirmed a "buy" rating for Prosus, indicating positive sentiment from analysts regarding potential growth.
  • The company operates across various internet platforms including fintech and food delivery, highlighting its diverse e-commerce focus.
  • Five stocks to consider instead of Prosus.

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $12.45 and last traded at $12.39, with a volume of 66756 shares changing hands. The stock had previously closed at $11.90.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a "buy" rating on shares of Prosus in a research note on Wednesday, June 25th.

Read Our Latest Stock Report on Prosus

Prosus Trading Down 0.6%

The firm has a fifty day simple moving average of $11.35 and a 200 day simple moving average of $9.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.54 and a quick ratio of 3.50.

About Prosus

(Get Free Report)

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.

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