Prosus (OTCMKTS:PROSY) Shares Down 0.1% - Here's What Happened

Key Points

• Prosus (OTCMKTS:PROSY) shares experienced a slight decline of 0.1% during mid-day trading, reaching a last traded price of $12.50.
• Analysts have a consensus rating of “Strong Buy” for Prosus, with Citigroup reaffirming a "buy" rating.
• The company operates a range of internet platforms globally, including in e-commerce, payments, and food delivery.

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY - Get Free Report) fell 0.1% on Tuesday . The company traded as low as $12.48 and last traded at $12.50. 337,731 shares changed hands during trading, a decline of 41% from the average session volume of 573,898 shares. The stock had previously closed at $12.51.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a "buy" rating on shares of Prosus in a research note on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Strong Buy".

Prosus Stock Up 0.5%

The company has a current ratio of 3.54, a quick ratio of 3.50 and a debt-to-equity ratio of 0.29. The company's 50-day moving average is $11.63 and its two-hundred day moving average is $10.22.

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.