Naspers (OTCMKTS:NPSNY) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Naspers Ltd. (OTCMKTS:NPSNY – Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.76 and traded as high as $10.88. Naspers shares last traded at $10.50, with a volume of 155,765 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on NPSNY. The Goldman Sachs Group began coverage on shares of Naspers in a report on Thursday. They set a “neutral” rating for the company. Wall Street Zen lowered shares of Naspers from a “buy” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Zacks Research raised shares of Naspers from a “strong sell” rating to a “hold” rating in a 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. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

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Naspers Stock Down 2.1%

The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.66 and a current ratio of 3.72. The firm’s 50 day simple moving average is $10.76 and its 200 day simple moving average is $11.82.

About Naspers

(Get Free Report)

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.

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