Naspers (OTCMKTS:NPSNY) Sees Strong Trading Volume – Here’s Why

Shares of Naspers Ltd. (OTCMKTS:NPSNY) saw strong trading volume on Friday . 193,783 shares traded hands during mid-day trading, an increase of 73% from the previous session’s volume of 112,145 shares.The stock last traded at $12.67 and had previously closed at $13.02.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Zacks Research downgraded Naspers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Barclays restated an “overweight” rating on shares of Naspers in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Naspers Trading Down 4.1%

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 stock has a 50 day moving average price of $13.13 and a 200-day moving average price of $36.71.

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.