Naspers (OTCMKTS:NPSNY) Trading Down 7.9% – Here’s What Happened

Naspers Ltd. (OTCMKTS:NPSNY) fell 7.9% on Thursday . The company traded as low as $9.92 and last traded at $9.96. 61,289 shares traded hands during trading, a decline of 66% from the average session volume of 178,667 shares. The stock had previously closed at $10.81.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NPSNY shares. Zacks Research upgraded Naspers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group began coverage on Naspers in a research report on Thursday, June 4th. They set a “neutral” rating on the stock. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Naspers presently has an average rating of “Hold”.

Naspers Price Performance

The business’s fifty day moving average is $10.29 and its 200-day moving average is $10.81. The company has a quick ratio of 2.36, a current ratio of 2.40 and a debt-to-equity ratio of 0.30.

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.