Naspers (OTCMKTS:NPSNY) Hits New 1-Year Low – Here’s Why

Naspers Ltd. (OTCMKTS:NPSNY) hit a new 52-week low on Thursday . The stock traded as low as $9.29 and last traded at $9.37, with a volume of 68980 shares traded. The stock had previously closed at $9.39.

Analysts Set New Price Targets

Several brokerages recently commented on NPSNY. The Goldman Sachs Group assumed coverage on Naspers in a report on Thursday, June 4th. They set a “neutral” rating on the stock. Zacks Research raised shares of Naspers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Barclays reiterated an “overweight” rating on shares of Naspers in a research note on Monday, August 17th. 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.com, Naspers presently has an average rating of “Hold”.

Naspers Stock 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 stock’s 50 day simple moving average is $10.12 and its 200 day simple moving average is $10.56.

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.