Naspers (OTCMKTS:NPSNY) Shares Gap Up – Here’s What Happened

Shares of Naspers Ltd. (OTCMKTS:NPSNY) gapped up before the market opened on Monday . The stock had previously closed at $9.74, but opened at $10.27. Naspers shares last traded at $10.16, with a volume of 17,859 shares.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NPSNY shares. The Goldman Sachs Group initiated coverage on Naspers in a research report on Thursday, June 4th. They issued a “neutral” rating for the company. Zacks Research upgraded shares of Naspers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Naspers Price Performance

The business’s fifty day simple moving average is $10.64 and its 200 day simple moving average is $11.52. 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.