Naspers (OTCMKTS:NPSNY) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Naspers Ltd. (OTCMKTS:NPSNY)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.28 and traded as high as $10.55. Naspers shares last traded at $10.54, with a volume of 65,167 shares.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group initiated coverage on Naspers in a research note on Thursday, June 4th. They issued a “neutral” rating for the company. Zacks Research raised Naspers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Naspers Trading Up 0.9%

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 company’s fifty day simple moving average is $10.28 and its 200-day simple moving average is $10.99.

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.