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

Naspers Ltd. (OTCMKTS:NPSNY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $13.65, but opened at $13.12. Naspers shares last traded at $13.3820, with a volume of 18,612 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NPSNY. Barclays restated an “overweight” rating on shares of Naspers in a research report on Monday, December 8th. Zacks Research lowered shares of Naspers from a “hold” rating to a “strong sell” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Naspers presently has a consensus rating of “Moderate Buy”.

Naspers Trading Down 2.6%

The stock has a 50 day moving average price of $13.37 and a 200-day moving average price of $40.09. The company has a quick ratio of 3.66, a current ratio of 3.72 and a debt-to-equity ratio of 0.30.

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.