Naspers (OTCMKTS:NPSNY) Shares Gap Up – Still a Buy?

Naspers Ltd. (OTCMKTS:NPSNY) gapped up before the market opened on Wednesday . The stock had previously closed at $10.24, but opened at $10.7505. Naspers shares last traded at $10.8250, with a volume of 80,340 shares.

Analyst Ratings Changes

NPSNY has been the topic of several analyst reports. The Goldman Sachs Group started coverage on Naspers in a research report on Thursday, June 4th. They issued a “neutral” rating on the stock. Zacks Research upgraded Naspers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Naspers Stock Performance

The company’s 50 day simple moving average is $10.43 and its 200 day simple moving average is $11.28.

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.