Naspers (OTCMKTS:NPSNY) Hits New 12-Month Low – Here’s What Happened

Naspers Ltd. (OTCMKTS:NPSNY) reached a new 52-week low on Wednesday . The company traded as low as $9.69 and last traded at $9.69, with a volume of 53692 shares. The stock had previously closed at $10.09.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Naspers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. The Goldman Sachs Group initiated coverage on Naspers in a report on Thursday, June 4th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Naspers Price Performance

The company has a current ratio of 2.40, a quick ratio of 2.36 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $10.34 and a 200-day moving average of $11.12.

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.