Naspers (OTCMKTS:NPSNY) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Naspers Ltd. (OTCMKTS:NPSNY) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.28 and traded as high as $10.55. Naspers shares last traded at $10.54, with a volume of 65,167 shares traded.

Wall Street Analyst Weigh In

Several research firms recently commented on NPSNY. Zacks Research raised shares of Naspers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group initiated coverage on shares of Naspers in a research report on Thursday, June 4th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Naspers presently has an average rating of “Hold”.

Naspers Trading Up 0.9%

The company has a current ratio of 2.40, a quick ratio of 2.36 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average price is $10.28 and its 200-day moving average price is $10.99.

About Naspers

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.