Naspers (OTCMKTS:NPSNY) Reaches New 12-Month Low – Here’s Why

Shares of Naspers Ltd. (OTCMKTS:NPSNY) reached a new 52-week low on Tuesday . The stock traded as low as $9.7850 and last traded at $9.7850, with a volume of 6715 shares. The stock had previously closed at $10.30.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Zacks Research upgraded Naspers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group started coverage on shares of Naspers in a research report on Thursday, June 4th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Naspers has a consensus rating of “Hold”.

Naspers Stock Up 1.1%

The business’s 50 day moving average is $10.70 and its two-hundred day moving average is $11.55. The company has a quick ratio of 3.66, a current ratio of 3.72 and a debt-to-equity ratio of 0.30.

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.