Prosus (OTCMKTS:PROSY) Sees Large Volume Increase – Here’s What Happened

by · The Markets Daily

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY – Get Free Report) shares saw an uptick in trading volume on Friday . 2,944,974 shares changed hands during trading, an increase of 136% from the previous session’s volume of 1,246,913 shares.The stock last traded at $12.5950 and had previously closed at $12.45.

Analysts Set New Price Targets

A number of brokerages recently commented on PROSY. Citigroup reissued a “buy” rating on shares of Prosus in a research note on Thursday. Barclays reiterated an “overweight” rating on shares of Prosus in a research report on Monday, December 8th. Finally, Jefferies Financial Group upgraded Prosus from a “hold” rating to a “buy” rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.

View Our Latest Research Report on PROSY

Prosus Price Performance

The business’s fifty day moving average price is $13.41 and its 200 day moving average price is $12.40. 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

(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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