Naspers (OTCMKTS:NPSNY) Sets New 1-Year Low – Time to Sell?

Shares of Naspers Ltd. (OTCMKTS:NPSNY) reached a new 52-week low on Wednesday . The company traded as low as $9.24 and last traded at $9.26, with a volume of 263336 shares traded. The stock had previously closed at $9.57.

Analyst Ratings Changes

Several research firms recently issued reports on NPSNY. Barclays reaffirmed an “overweight” rating on shares of Naspers in a report on Monday, August 17th. The Goldman Sachs Group started coverage on shares of Naspers in a research report on Thursday, June 4th. They issued a “neutral” rating for the company. Finally, Zacks Research upgraded 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 issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Naspers Stock Down 3.2%

The business’s 50-day moving average is $10.08 and its two-hundred day moving average is $10.51. 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.