Naspers (OTCMKTS:NPSNY) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Naspers Ltd. (OTCMKTS:NPSNY)’s stock price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $8.79 and traded as high as $9.58. Naspers shares last traded at $9.26, with a volume of 534,261 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NPSNY shares. Zacks Research cut Naspers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 22nd. Barclays reiterated an “overweight” rating on shares of Naspers in a research note on Monday, August 17th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Naspers currently has a consensus rating of “Hold”.

Naspers Trading Up 5.7%

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 business’s fifty day moving average price is $8.79 and its 200-day moving average price is $10.31.

Naspers Company Profile

Naspers Limited is a South African global consumer internet and technology investment group. The company develops and supports businesses in areas including online commerce, food delivery, classifieds, payments and financial technology, education technology, and other digital services. Its portfolio is primarily managed through Prosus, its international consumer internet subsidiary.

Through Prosus and related investments, Naspers has exposure to digital businesses serving customers and merchants across Europe, India, Latin America, Africa, and other international markets.