Naspers (OTCMKTS:NPSNY) Sees Strong Trading Volume – Still a Buy?

Naspers Ltd. (OTCMKTS:NPSNY) shares saw unusually-high trading volume on Tuesday . Approximately 193,007 shares were traded during trading, an increase of 2% from the previous session’s volume of 188,538 shares.The stock last traded at $10.3038 and had previously closed at $10.54.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NPSNY. Zacks Research raised shares of Naspers from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Barclays reaffirmed an “overweight” rating on shares of Naspers in a report on Monday, December 8th. Finally, Wall Street Zen cut Naspers from a “buy” rating to a “hold” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Naspers currently has an average rating of “Buy”.

Naspers Trading Down 2.3%

The stock has a fifty day simple moving average of $11.81 and a 200-day simple moving average of $22.53. The company has a current ratio of 3.72, a quick ratio of 3.66 and a debt-to-equity ratio of 0.30.

Naspers Company Profile

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.