Naspers (OTCMKTS:NPSNY) Shares Gap Down on Analyst Downgrade

Naspers Ltd. (OTCMKTS:NPSNY)’s share price gapped down before the market opened on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock had previously closed at $9.37, but opened at $8.90. Naspers shares last traded at $8.91, with a volume of 154,639 shares trading hands.

A number of other equities research analysts also recently weighed in on NPSNY. The Goldman Sachs Group started coverage on shares of Naspers in a research note on Thursday, June 4th. They set a “neutral” rating for the company. Barclays reaffirmed an “overweight” rating on shares of Naspers in a research note on Monday, August 17th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Naspers currently has an average rating of “Hold”.

Naspers Price Performance

The business has a 50 day moving average price of $9.77 and a 200 day moving average price of $10.34. 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 and technology investment group. Founded in 1915 as Nasionale Pers, the company began as a publishing business before expanding into pay television, digital media and internet-related investments. Today, Naspers focuses primarily on building and investing in technology businesses that serve consumers in emerging and developed markets.

Naspers’ principal international technology interests are held through Prosus N.V., its separately listed global consumer-internet group.