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

Naspers Ltd. (OTCMKTS:NPSNY) shares 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 traded.

Analyst Upgrades and Downgrades

NPSNY has been the topic of a number of recent research reports. Zacks Research raised shares of Naspers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. The Goldman Sachs Group assumed coverage on Naspers in a report on Thursday, June 4th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Naspers Price Performance

The company’s 50-day moving average is $10.43 and its two-hundred day moving average is $11.28.

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.