Naspers (OTCMKTS:NPSNY) Sees Large Volume Increase – Still a Buy?

Naspers Ltd. (OTCMKTS:NPSNY) saw an uptick in trading volume on Monday . 247,128 shares traded hands during mid-day trading, an increase of 37% from the previous session’s volume of 180,181 shares.The stock last traded at $10.52 and had previously closed at $10.45.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. The Goldman Sachs Group assumed coverage on Naspers in a research note on Thursday, June 4th. They set a “neutral” rating for the company. Zacks Research upgraded Naspers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen lowered Naspers from a “buy” rating to a “hold” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Naspers Stock Up 1.0%

The company has a current ratio of 3.72, a quick ratio of 3.66 and a debt-to-equity ratio of 0.30. The business has a 50 day simple moving average of $10.80 and a two-hundred day simple moving average of $11.70.

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.