Naspers (OTCMKTS:NPSNY) Stock Price Down 7.9% – Should You Sell?

Naspers Ltd. (OTCMKTS:NPSNY) shares traded down 7.9% on Thursday . The company traded as low as $9.92 and last traded at $9.96. Approximately 61,289 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 178,667 shares. The stock had previously closed at $10.81.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NPSNY shares. Zacks Research raised shares of Naspers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group started coverage on shares of Naspers in a research note on Thursday, June 4th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Naspers Stock Down 2.4%

The company has a fifty day moving average of $10.32 and a two-hundred day moving average of $10.83. 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 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.