Naspers Ltd. (OTCMKTS:NPSNY – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $9.69 and last traded at $9.69, with a volume of 53692 shares traded. The stock had previously closed at $10.09.
Analyst Ratings Changes
NPSNY has been the topic of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of Naspers in a research note on Thursday, June 4th. They issued a “neutral” rating on the stock. Zacks Research upgraded shares of Naspers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
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Naspers Trading Down 3.7%
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.
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