Naspers (OTCMKTS:NPSNY) Sees Strong Trading Volume – Time to Buy?

Shares of Naspers Ltd. (OTCMKTS:NPSNY) saw unusually-strong trading volume on Tuesday . Approximately 300,585 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 172,727 shares.The stock last traded at $11.14 and had previously closed at $11.29.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NPSNY shares. Zacks Research upgraded Naspers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Barclays reiterated an “overweight” rating on shares of Naspers in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Naspers presently has a consensus rating of “Buy”.

Naspers Price Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 3.72 and a quick ratio of 3.66. The company has a 50-day moving average price of $12.84 and a two-hundred day moving average price of $31.47.

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.