Naspers (OTCMKTS:NPSNY) Sees Strong Trading Volume – Should You Buy?

Naspers Ltd. (OTCMKTS:NPSNY – Get Free Report) shares saw strong trading volume on Tuesday. 334,914 shares changed hands during trading, an increase of 70% from the average daily volume of 197,288 shares. The stock last traded at $8.30 and had previously closed at $8.1370.

Analyst Ratings Changes

A number of brokerages have recently commented on NPSNY. Zacks Research lowered shares of Naspers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 22nd. Barclays reiterated an “overweight” rating on shares of Naspers in a research note on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Get Our Latest Report on NPSNY

Naspers Trading Down 0.4%

The stock’s 50-day simple moving average is $8.94 and its 200-day simple moving average is $10.46. The company has a current ratio of 2.40, a quick ratio of 2.36 and a debt-to-equity ratio of 0.30.

Naspers Company Profile

(Get Free Report)

Naspers Limited is a South African global consumer internet and technology investment group. The company develops and supports businesses in areas including online commerce, food delivery, classifieds, payments and financial technology, education technology, and other digital services. Its portfolio is primarily managed through Prosus, its international consumer internet subsidiary.

Through Prosus and related investments, Naspers has exposure to digital businesses serving customers and merchants across Europe, India, Latin America, Africa, and other international markets.

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