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

Naspers Ltd. (OTCMKTS:NPSNY) shares hit a new 52-week low on Wednesday . The stock traded as low as $9.69 and last traded at $9.69, with a volume of 53692 shares traded. The stock had previously closed at $10.09.

Analyst Upgrades and Downgrades

NPSNY has been the subject of several analyst reports. The Goldman Sachs Group started coverage on Naspers in a report on Thursday, June 4th. They issued a “neutral” rating for the company. Zacks Research upgraded Naspers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Naspers Stock 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 firm’s 50 day simple moving average is $10.38 and its 200-day simple moving average is $11.18.

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.