Naspers (OTCMKTS:NPSNY) Hits New 12-Month Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NPSNY. Zacks Research upgraded Naspers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group assumed coverage on Naspers in a research report on Thursday, June 4th. They issued a “neutral” rating for the company. Finally, Wall Street Zen downgraded Naspers from a “buy” rating to a “hold” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Naspers Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.66 and a current ratio of 3.72. The business’s 50 day moving average price is $10.75 and its 200 day moving average price is $11.59.

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.