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

Naspers Ltd. (OTCMKTS:NPSNY) shares saw unusually-high trading volume on Thursday . Approximately 101,149 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 79,785 shares.The stock last traded at $13.50 and had previously closed at $13.92.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays restated an “overweight” rating on shares of Naspers in a report on Monday, December 8th. Zacks Research downgraded Naspers from a “hold” rating to a “strong sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Naspers presently has a consensus rating of “Moderate Buy”.

Naspers Stock Down 1.7%

The company has a current ratio of 3.72, a quick ratio of 3.66 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average of $13.39 and a 200-day moving average of $40.28.

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.