Naspers (OTCMKTS:NPSNY) Hits New 52-Week Low – Time to Sell?

Naspers Ltd. (OTCMKTS:NPSNY)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.29 and last traded at $9.37, with a volume of 68980 shares. The stock had previously closed at $9.39.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NPSNY shares. Barclays reaffirmed an “overweight” rating on shares of Naspers in a report on Monday, August 17th. Zacks Research raised Naspers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, The Goldman Sachs Group initiated coverage on shares of Naspers in a research report on Thursday, June 4th. They set a “neutral” rating on the stock. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Naspers presently has a consensus rating of “Hold”.

Naspers Stock Performance

The company has a fifty day simple moving average of $10.11 and a 200 day simple moving average of $10.55. 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 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.