Naspers (OTCMKTS:NPSNY) Stock Breaks Above 50 Day Moving Average – Should You Sell?

Naspers Ltd. (OTCMKTS:NPSNY) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $8.79 and traded as high as $9.58. Naspers shares last traded at $9.26, with a volume of 534,261 shares changing hands.

Analyst Ratings Changes

Several brokerages recently issued reports on NPSNY. Barclays reaffirmed an “overweight” rating on shares of Naspers in a research report on Monday, August 17th. Zacks Research lowered Naspers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Naspers Stock Performance

The stock’s 50-day moving average price is $8.78 and its 200-day moving average price is $10.29. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.40 and a quick ratio of 2.36.

About Naspers

Naspers is a South African multinational company focused on consumer internet businesses and technology investments. Founded in 1915 as a newspaper publisher, it has since shifted its focus toward digital services and online commerce.

Through its majority ownership of Prosus and its other businesses, Naspers has interests in areas including e-commerce, food delivery, online classifieds, payments and fintech, and education technology. Its portfolio includes businesses serving consumers and merchants in multiple markets.

Naspers operates primarily through companies and investments across Africa, Europe, Asia, and the Americas, with a significant presence in South Africa.