Naspers (OTCMKTS:NPSNY) Reaches New 52-Week Low – Time to Sell?

Naspers Ltd. (OTCMKTS:NPSNY) shares reached a new 52-week low on Thursday. The company traded as low as $8.72 and last traded at $8.78, with a volume of 525481 shares traded. The stock had previously closed at $9.37.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NPSNY. Zacks Research lowered shares of Naspers from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Barclays reaffirmed an “overweight” rating on shares of Naspers in a report on Monday, August 17th. Finally, The Goldman Sachs Group started coverage on Naspers in a research report on Thursday, June 4th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Naspers currently has a consensus rating of “Hold”.

Naspers Stock Up 0.8%

The company has a debt-to-equity ratio of 0.30, a current ratio of 2.40 and a quick ratio of 2.36. The stock’s fifty day moving average is $9.74 and its 200-day moving average is $10.33.

Naspers Company Profile

Naspers Limited is a South African global consumer-internet and technology investment group. Founded in 1915 as Nasionale Pers, the company began as a publishing business before expanding into pay television, digital media and internet-related investments. Today, Naspers focuses primarily on building and investing in technology businesses that serve consumers in emerging and developed markets.

Naspers’ principal international technology interests are held through Prosus N.V., its separately listed global consumer-internet group.