Naspers (OTCMKTS:NPSNY) Shares Gap Up – Here’s What Happened

Naspers Ltd. (OTCMKTS:NPSNY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $9.74, but opened at $10.27. Naspers shares last traded at $10.16, with a volume of 17,859 shares changing hands.

Analysts Set New Price Targets

NPSNY has been the topic of a number of research analyst reports. Zacks Research upgraded Naspers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group assumed coverage on Naspers in a research note on Thursday, June 4th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Naspers has an average rating of “Hold”.

Naspers Trading Up 4.4%

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 company’s 50 day moving average price is $10.64 and its 200 day moving average price is $11.52.

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.