Naspers (OTCMKTS:NPSNY) Shares Break Below Fifty Day Moving Average – Time to Sell?

Naspers Ltd. (OTCMKTS:NPSNY)’s stock price crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $9.27 and traded as low as $8.61. Naspers shares last traded at $8.67, with a volume of 317,201 shares changing hands.

Analyst Ratings Changes

NPSNY has been the subject of several research analyst reports. Zacks Research cut shares of Naspers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 22nd. Barclays reissued an “overweight” rating on shares of Naspers in a research note on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Naspers Stock Up 0.5%

The company’s 50-day moving average price is $9.22 and its 200-day moving average price is $10.08. The company has a current ratio of 2.40, a quick ratio of 2.36 and a debt-to-equity ratio of 0.30.

About Naspers

Naspers Limited is a South African global consumer-internet group and investment holding company. Founded in 1915 as Nasionale Pers, the company initially operated in publishing and media before expanding into pay television, technology and internet businesses. Naspers has its primary listing in South Africa and also trades in the over-the-counter market in the United States under the symbol NPSNY.

Through its investment in Prosus N.V. and other holdings, Naspers is involved in businesses across online classifieds, food delivery, fintech, payments, e-commerce and education technology.