Naspers (OTCMKTS:NPSNY) Shares Gap Up – Should You Buy?

Naspers Ltd. (OTCMKTS:NPSNY) shares gapped up prior to trading on Monday . The stock had previously closed at $9.74, but opened at $10.27. Naspers shares last traded at $10.16, with a volume of 17,859 shares.

Analysts Set New Price Targets

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

Naspers Stock Down 2.0%

The stock has a 50-day moving average of $10.59 and a 200-day moving average of $11.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.66 and a current ratio of 3.72.

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.