Naspers (OTCMKTS:NPSNY) Shares Gap Down – Here’s Why

Naspers Ltd. (OTCMKTS:NPSNY)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $9.04, but opened at $8.52. Naspers shares last traded at $8.5405, with a volume of 1,599 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NPSNY. Zacks Research downgraded shares of Naspers from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 22nd. Barclays reiterated an “overweight” rating on shares of Naspers in a report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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 stock has a 50-day moving average of $8.74 and a 200 day moving average of $10.22.

About Naspers

Naspers is a South African multinational company focused on consumer internet businesses and technology investments. Founded in 1915 as a newspaper publisher, it has since shifted its focus toward digital services and online commerce. Through its majority ownership of Prosus and its other businesses, Naspers has interests in areas including e-commerce, food delivery, online classifieds, payments and fintech, and education technology. Its portfolio includes businesses serving consumers and merchants in multiple markets.