Naspers (OTCMKTS:NPSNY) Hits New 1-Year Low – Here’s What Happened
by Tristan Rich · The Markets DailyNaspers Ltd. (OTCMKTS:NPSNY – Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $9.7850 and last traded at $9.7850, with a volume of 6715 shares changing hands. The stock had previously closed at $10.30.
Analysts Set New Price Targets
Several analysts have commented on NPSNY shares. The Goldman Sachs Group started coverage on shares of Naspers in a research note on Thursday, June 4th. They set a “neutral” rating for the company. Wall Street Zen downgraded shares of Naspers from a “buy” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, Zacks Research raised shares of Naspers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.
Get Our Latest Analysis on Naspers
Naspers Price Performance
The company has a debt-to-equity ratio of 0.30, a current ratio of 3.72 and a quick ratio of 3.66. The stock has a fifty day simple moving average of $10.75 and a 200-day simple moving average of $11.59.
Naspers Company Profile
Naspers is a South African multinational holding company headquartered in Cape Town with principal interests in internet, technology and media businesses. Founded in 1915 as a publisher, the company evolved from traditional newspaper and magazine publishing into a diversified media group with pay-television and publishing operations in South Africa and other markets. Over time Naspers shifted strategy toward technology investments and online platforms, building a global portfolio focused on marketplaces, payments, classifieds and food delivery services.
A defining moment in the company’s modern history was its early investment in China’s Tencent, which helped reshape Naspers into a significant global investor in internet companies.