Naspers (OTCMKTS:NPSNY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Naspers Ltd. experienced a significant increase in trading volume, with approximately 110,886 shares traded, marking a 157% rise from the previous session.
• Wall Street analysts have become more positive on Naspers, with a recent upgrade from a "hold" to a "buy" rating, reflecting a consensus rating of "Buy."
• The stock has a current trading price of $13.63 and shows strong liquidity indicators with a current ratio of 3.48.

Shares of Naspers Ltd. (OTCMKTS:NPSNY - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 110,886 shares changed hands during trading, an increase of 157% from the previous session's volume of 43,196 shares.The stock last traded at $13.63 and had previously closed at $13.64.

Wall Street Analyst Weigh In

NPSNY has been the topic of several recent research reports. Wall Street Zen raised shares of Naspers from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Zacks Research raised shares of Naspers from a "strong sell" rating to a "hold" rating in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Naspers currently has a consensus rating of "Buy".

Naspers Price Performance

The stock's 50-day moving average price is $61.49 and its 200-day moving average price is $58.67. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.48 and a quick ratio of 3.43.

About Naspers

Naspers Limited operates in the consumer internet industry in Africa, Asia, Europe, Latin America, North America. The company operates through Classifieds, Food Delivery, Payments and Fintech, Etail, Edtech, Social and Internet Platforms, Media24, and Other Ecommerce segments. It holds investments in classifieds, food delivery, payments and fintech, education, health, and ecommerce, as well as ventures, and social and internet platforms.

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