Naspers (OTCMKTS:NPSNY) Sees Strong Trading Volume – Here’s What Happened

Shares of Naspers Ltd. (OTCMKTS:NPSNY) saw an uptick in trading volume on Tuesday. 334,914 shares changed hands during mid-day trading, an increase of 70% from the average daily volume of 197,288 shares. The stock last traded at $8.30 and had previously closed at $8.1370.

Analysts Set New Price Targets

NPSNY has been the topic of a number of research analyst reports. Zacks Research lowered shares of Naspers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 22nd. Barclays reaffirmed an “overweight” rating on shares of Naspers in a research note on Monday, August 17th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Naspers Price Performance

The company has a current ratio of 2.40, a quick ratio of 2.36 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average is $9.03 and its two-hundred day moving average is $10.54.

About Naspers

Naspers Limited is a South African global consumer internet and technology investment group. The company develops and supports businesses in areas including online commerce, food delivery, classifieds, payments and financial technology, education technology, and other digital services. Its portfolio is primarily managed through Prosus, its international consumer internet subsidiary.

Through Prosus and related investments, Naspers has exposure to digital businesses serving customers and merchants across Europe, India, Latin America, Africa, and other international markets.