Naspers (OTCMKTS:NPSNY) Stock Passes Below 50 Day Moving Average – Here’s Why

Naspers Ltd. (OTCMKTS:NPSNY) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $19.78 and traded as low as $12.44. Naspers shares last traded at $12.5930, with a volume of 104,100 shares.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays reaffirmed an “overweight” rating on shares of Naspers in a research report on Monday. Wall Street Zen upgraded Naspers from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Zacks Research upgraded shares of Naspers from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Naspers Trading Up 2.7%

The company has a current ratio of 3.48, a quick ratio of 3.43 and a debt-to-equity ratio of 0.30. The firm has a 50-day simple moving average of $19.78 and a 200-day simple moving average of $48.43.

Naspers Company Profile

Naspers Limited operates in the consumer internet industry in Africa, Asia, Europe, Latin America, North America. The company operates through Classifieds, Food Delivery, Payments and Fintech, Etail, Edtech, Social and Internet Platforms, Media24, and Other Ecommerce segments. It holds investments in classifieds, food delivery, payments and fintech, education, health, and ecommerce, as well as ventures, and social and internet platforms.