Naspers (OTCMKTS:NPSNY) Shares Gap Up – Should You Buy?

Naspers Ltd. (OTCMKTS:NPSNY) gapped up before the market opened on Wednesday . The stock had previously closed at $10.24, but opened at $10.7505. Naspers shares last traded at $10.8250, with a volume of 80,340 shares trading hands.

Analyst Ratings Changes

NPSNY has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of 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 shares of Naspers in a research report on Thursday, June 4th. They set a “neutral” rating on the stock. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Naspers Stock Down 2.0%

The company has a fifty day moving average price of $10.41 and a two-hundred day moving average price of $11.25.

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.