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

Naspers Ltd. (OTCMKTS:NPSNY)’s stock price gapped down before the market opened 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.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays reissued an “overweight” rating on shares of Naspers in a report on Monday, December 8th. Zacks Research cut Naspers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Naspers Price Performance

The stock has a 50 day moving average of $13.36 and a 200 day moving average of $39.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.72 and a quick ratio of 3.66.

About Naspers

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.