Naspers (OTCMKTS:NPSNY) Sees Strong Trading Volume – Here’s Why

Naspers Ltd. (OTCMKTS:NPSNY) shares saw an uptick in trading volume on Friday . 252,300 shares changed hands during trading, an increase of 35% from the previous session’s volume of 187,356 shares.The stock last traded at $8.82 and had previously closed at $8.94.

Analyst Ratings Changes

A number of equities analysts have weighed in on NPSNY shares. Barclays reiterated an “overweight” rating on shares of Naspers in a report on Monday, August 17th. The Goldman Sachs Group began coverage on Naspers in a report on Thursday, June 4th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Naspers Price Performance

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 stock has a fifty day simple moving average of $9.92 and a two-hundred day simple moving average of $10.40.

Naspers Company Profile

Naspers Limited is a South African global consumer-internet and technology investment group. Founded in 1915 as Nasionale Pers, the company began as a publishing business before expanding into pay television, digital media and internet-related investments. Today, Naspers focuses primarily on building and investing in technology businesses that serve consumers in emerging and developed markets.

Naspers’ principal international technology interests are held through Prosus N.V., its separately listed global consumer-internet group.