Naspers (OTCMKTS:NPSNY) Hits New 52-Week Low – What’s Next?

Shares of Naspers Ltd. (OTCMKTS:NPSNY) hit a new 52-week low during trading on Tuesday . The stock traded as low as $8.96 and last traded at $9.05, with a volume of 17905 shares. The stock had previously closed at $9.06.

Wall Street Analysts Forecast Growth

NPSNY has been the topic of several research reports. The Goldman Sachs Group started coverage on Naspers in a report on Thursday, June 4th. They issued a “neutral” rating on the stock. Barclays restated an “overweight” rating on shares of Naspers in a report on Monday, August 17th. Finally, Zacks Research raised Naspers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Naspers Price Performance

The firm has a 50 day moving average price of $10.01 and a 200-day moving average price of $10.45. The company has a quick ratio of 2.36, a current ratio of 2.40 and a debt-to-equity ratio of 0.30.

About Naspers

Naspers Limited is a South African global consumer-internet and technology investment group. Founded in 1915 as Nasionale Pers, the company began as a publishing business before expanding into pay television, digital media and internet-related investments. Today, Naspers focuses primarily on building and investing in technology businesses that serve consumers in emerging and developed markets.

Naspers’ principal international technology interests are held through Prosus N.V., its separately listed global consumer-internet group.