Shares of Naspers Ltd. (OTCMKTS:NPSNY – Get Free Report) passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $9.53 and traded as low as $8.36. Naspers shares last traded at $8.46, with a volume of 270,154 shares.
Analysts Set New Price Targets
A number of research firms recently commented on NPSNY. Barclays reaffirmed an “overweight” rating on shares of Naspers in a research report on Monday, August 17th. Zacks Research cut Naspers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.
Read Our Latest Report on Naspers
Naspers Stock Up 3.1%
Naspers Company Profile
Naspers Limited is a South African global consumer-internet group and investment holding company. Founded in 1915 as Nasionale Pers, the company initially operated in publishing and media before expanding into pay television, technology and internet businesses. Naspers has its primary listing in South Africa and also trades in the over-the-counter market in the United States under the symbol NPSNY.
Through its investment in Prosus N.V. and other holdings, Naspers is involved in businesses across online classifieds, food delivery, fintech, payments, e-commerce and education technology.
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