Naspers (OTCMKTS:NPSNY) Reaches New 52-Week Low – What’s Next?

Naspers Ltd. (OTCMKTS:NPSNY)’s share price hit a new 52-week low on Thursday. The company traded as low as $8.13 and last traded at $8.13, with a volume of 24,359 shares changing hands. The stock had previously closed at $8.34.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NPSNY shares. Barclays reaffirmed an “overweight” rating on shares of Naspers in a report on Monday, August 17th. Zacks Research cut Naspers from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Naspers Stock Up 0.1%

The stock’s 50 day moving average is $9.02 and its two-hundred day moving average is $10.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.36 and a current ratio of 2.40.

About Naspers

Naspers Limited is a South African global consumer internet and technology investment group. The company develops and supports businesses in areas including online commerce, food delivery, classifieds, payments and financial technology, education technology, and other digital services. Its portfolio is primarily managed through Prosus, its international consumer internet subsidiary.

Through Prosus and related investments, Naspers has exposure to digital businesses serving customers and merchants across Europe, India, Latin America, Africa, and other international markets.