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

Shares of Naspers Ltd. (OTCMKTS:NPSNY) saw an uptick in trading volume on Monday . 247,128 shares changed 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

A number of brokerages have recently issued reports on NPSNY. Wall Street Zen lowered Naspers from a “buy” rating to a “hold” rating in a research report on Monday, February 23rd. The Goldman Sachs Group initiated coverage on Naspers in a research report on Thursday, June 4th. They set a “neutral” rating on the stock. Finally, Zacks Research upgraded shares of Naspers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Naspers has a consensus rating of “Hold”.

Naspers Trading Up 1.0%

The business has a 50 day simple moving average of $10.80 and a 200 day simple moving average of $11.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.72 and a quick ratio of 3.66.

About Naspers

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.