Naspers (OTCMKTS:NPSNY) Shares Gap Down – Should You Sell?

Naspers Ltd. (OTCMKTS:NPSNY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $11.81, but opened at $11.25. Naspers shares last traded at $11.08, with a volume of 51,000 shares traded.

Analyst Ratings Changes

NPSNY has been the topic of a number of recent research reports. Wall Street Zen downgraded Naspers from a “buy” rating to a “hold” rating in a research report on Monday, February 23rd. Barclays reiterated an “overweight” rating on shares of Naspers in a report on Monday, December 8th. Finally, Zacks Research raised shares of Naspers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Naspers Stock Performance

The business has a 50-day moving average price of $11.94 and a 200-day moving average price of $23.87. The company has a current ratio of 3.72, a quick ratio of 3.66 and a debt-to-equity ratio of 0.30.

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.