Naspers (OTCMKTS:NPSNY) Hits New 1-Year Low – Here’s What Happened

Naspers Ltd. (OTCMKTS:NPSNY) hit a new 52-week low during trading on Tuesday . The company traded as low as $9.7850 and last traded at $9.7850, with a volume of 6715 shares changing hands. The stock had previously closed at $10.30.

Analysts Set New Price Targets

Several analysts have commented on NPSNY shares. The Goldman Sachs Group started coverage on shares of Naspers in a research note on Thursday, June 4th. They set a “neutral” rating for the company. Wall Street Zen downgraded shares of Naspers from a “buy” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, Zacks Research raised shares of Naspers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

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 stock has a fifty day simple moving average of $10.75 and a 200-day simple moving average of $11.59.

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.