Naspers (OTCMKTS:NPSNY) Shares Gap Down – Time to Sell?

Naspers Ltd. (OTCMKTS:NPSNY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $10.81, but opened at $10.11. Naspers shares last traded at $10.16, with a volume of 129,706 shares changing hands.

Analyst Ratings Changes

NPSNY has been the topic of a number of research reports. Zacks Research upgraded Naspers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. The Goldman Sachs Group initiated coverage on shares of Naspers in a research note on Thursday, June 4th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Naspers Trading Down 6.9%

The company has a debt-to-equity ratio of 0.30, a current ratio of 2.40 and a quick ratio of 2.36. The stock has a 50-day moving average of $10.33 and a 200 day moving average of $10.85.

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.