Prosus (OTCMKTS:PROSY) Hits New 12-Month High - Time to Buy?

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.

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY - Get Free Report)'s share price hit 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 trading hands. The stock had previously closed at $11.90.

Wall Street Analysts Forecast Growth

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

Prosus Stock Performance

The stock's fifty day moving average price is $11.25 and its 200 day moving average price is $9.85. The company has a quick ratio of 3.50, a current ratio of 3.54 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.

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