Prosus (OTCMKTS:PROSY) Hits New 52-Week High - Here's What Happened

Key Points

• Prosus N.V. shares reached a new 52-week high of $13.98, reflecting a 2.0% increase from the previous closing price of $13.70.
• Analysts have shown optimism, with Jefferies Financial Group upgrading Prosus from a "hold" to a "buy" rating, contributing to a consensus rating of "Buy" for the stock.
• The company's strong financials include a current ratio of 3.54 and a low debt-to-equity ratio of 0.29, indicating financial stability.

Shares of Prosus N.V. Sponsored ADR (OTCMKTS:PROSY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $13.98 and last traded at $13.98, with a volume of 129761 shares trading hands. The stock had previously closed at $13.70.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PROSY shares. Jefferies Financial Group upgraded Prosus from a "hold" rating to a "buy" rating in a research note on Wednesday, September 3rd. Citigroup restated a "buy" rating on shares of Prosus in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, Prosus currently has a consensus rating of "Buy".

Prosus Stock Up 2.0%

The business has a 50 day simple moving average of $12.36 and a two-hundred day simple moving average of $10.79. The company has a current ratio of 3.54, a quick ratio of 3.50 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.