Naspers (OTCMKTS:NPSNY) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Naspers Ltd. (OTCMKTS:NPSNY) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $8.79 and traded as high as $9.58. Naspers shares last traded at $9.26, with a volume of 534,261 shares.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NPSNY. Barclays reissued an “overweight” rating on shares of Naspers in a report on Monday, August 17th. Zacks Research lowered Naspers from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently 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 50-day simple moving average is $8.79 and its two-hundred day simple moving average is $10.31.

Naspers Company Profile

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.