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

Shares of Naspers Ltd. (OTCMKTS:NPSNY) gapped up before the market opened on Tuesday . The stock had previously closed at $11.03, but opened at $11.64. Naspers shares last traded at $11.65, with a volume of 141,887 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NPSNY shares. Wall Street Zen downgraded shares of Naspers from a “buy” rating to a “hold” rating in a report on Monday, February 23rd. Zacks Research raised shares of Naspers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Barclays restated an “overweight” rating on shares of Naspers in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Naspers has an average rating of “Buy”.

Naspers Stock Performance

The company has a quick ratio of 3.66, a current ratio of 3.72 and a debt-to-equity ratio of 0.30. The firm has a 50 day simple moving average of $12.29 and a 200-day simple moving average of $26.36.

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.