Naspers (OTCMKTS:NPSNY) Sees Large Volume Increase – Here’s Why

Naspers Ltd. (OTCMKTS:NPSNY) shares saw unusually-strong trading volume on Friday . Approximately 244,479 shares changed hands during mid-day trading, an increase of 37% from the previous session’s volume of 178,628 shares.The stock last traded at $9.84 and had previously closed at $9.87.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. The Goldman Sachs Group began coverage on Naspers in a report on Thursday, June 4th. They set a “neutral” rating for the company. Zacks Research raised shares of Naspers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Naspers Stock Down 0.6%

The stock has a fifty day moving average of $10.30 and a two-hundred day moving average of $10.81. The company has a current ratio of 2.40, a quick ratio of 2.36 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.