Naspers (OTCMKTS:NPSNY) Sees Unusually-High Trading Volume – Here’s What Happened

Naspers Ltd. (OTCMKTS:NPSNY) shares saw strong trading volume on Friday . 193,783 shares traded hands during trading, an increase of 73% from the previous session’s volume of 112,145 shares.The stock last traded at $12.67 and had previously closed at $13.02.

Analyst Ratings Changes

Several brokerages recently weighed in on NPSNY. Barclays reissued an “overweight” rating on shares of Naspers in a research note on Monday, December 8th. Zacks Research downgraded Naspers from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Naspers presently has an average rating of “Moderate Buy”.

Naspers Price Performance

The business has a 50-day moving average of $13.11 and a 200 day moving average of $36.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.72 and a quick ratio of 3.66.

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.