Naspers (OTCMKTS:NPSNY) Reaches New 1-Year Low – Here’s What Happened

Naspers Ltd. (OTCMKTS:NPSNY) hit a new 52-week low on Wednesday. The stock traded as low as $8.64 and last traded at $8.7250, with a volume of 254694 shares traded. The stock had previously closed at $8.87.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NPSNY shares. Barclays reiterated an “overweight” rating on shares of Naspers in a report on Monday, August 17th. Zacks Research lowered shares of Naspers from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 22nd. Finally, The Goldman Sachs Group began coverage on shares of Naspers in a research note on Thursday, June 4th. They set a “neutral” rating for the company. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Naspers Stock Down 1.9%

The company’s 50 day simple moving average is $9.64 and its 200-day simple moving average is $10.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.40 and a quick ratio of 2.36.

Naspers Company Profile

Naspers Limited is a South African global consumer-internet group and investment holding company. Founded in 1915 as Nasionale Pers, the company initially operated in publishing and media before expanding into pay television, technology and internet businesses. Naspers has its primary listing in South Africa and also trades in the over-the-counter market in the United States under the symbol NPSNY.

Through its investment in Prosus N.V. and other holdings, Naspers is involved in businesses across online classifieds, food delivery, fintech, payments, e-commerce and education technology.