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

Naspers Ltd. (OTCMKTS:NPSNY) gapped down before the market opened on Wednesday . The stock had previously closed at $10.81, but opened at $10.11. Naspers shares last traded at $10.16, with a volume of 129,706 shares changing hands.

Wall Street Analysts Forecast Growth

NPSNY has been the subject of a number of recent research reports. Zacks Research raised Naspers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. The Goldman Sachs Group started coverage on Naspers in a report on Thursday, June 4th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Naspers Trading Down 6.9%

The firm’s 50 day moving average is $10.33 and its two-hundred day moving average is $10.85. The company has a quick ratio of 2.36, a current ratio of 2.40 and a debt-to-equity ratio of 0.30.

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.