Naspers (OTCMKTS:NPSNY) Shares Gap Down – What’s Next?

Naspers Ltd. (OTCMKTS:NPSNY) shares gapped down prior to trading on Friday. The stock had previously closed at $9.04, but opened at $8.52. Naspers shares last traded at $8.5405, with a volume of 1,599 shares changing hands.

Analysts Set New Price Targets

NPSNY has been the topic of several research reports. Zacks Research lowered shares of Naspers from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 22nd. Barclays reaffirmed an “overweight” rating on shares of Naspers in a research report on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Naspers Trading Down 2.3%

The company has a debt-to-equity ratio of 0.30, a current ratio of 2.40 and a quick ratio of 2.36. The stock’s fifty day moving average is $8.74 and its two-hundred day moving average is $10.22.

Naspers Company Profile

Naspers is a South African multinational company focused on consumer internet businesses and technology investments. Founded in 1915 as a newspaper publisher, it has since shifted its focus toward digital services and online commerce. Through its majority ownership of Prosus and its other businesses, Naspers has interests in areas including e-commerce, food delivery, online classifieds, payments and fintech, and education technology. Its portfolio includes businesses serving consumers and merchants in multiple markets.