Prosus (OTCMKTS:PROSY) Reaches New 12-Month High - Should You Buy?

Key Points

• Prosus N.V. stock reached a new 52-week high at $13.46, closing at $13.44 with a trading volume of 813,709 shares.
• Jefferies Financial Group upgraded Prosus from a "hold" to a "buy" rating, contributing to its consensus rating of "Buy."
• The company operates various internet platforms across multiple sectors, indicating a diverse revenue stream in the e-commerce and internet business.

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $13.46 and last traded at $13.44, with a volume of 813709 shares. The stock had previously closed at $13.32.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PROSY shares. Jefferies Financial Group upgraded shares of 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 equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy".

Prosus Stock Up 0.9%

The company has a quick ratio of 3.50, a current ratio of 3.54 and a debt-to-equity ratio of 0.29. The company's 50 day simple moving average is $12.18 and its 200 day simple moving average is $10.67.

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.

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