Naspers (OTCMKTS:NPSNY) Share Price Passes Above Fifty Day Moving Average - Here's Why

Key Points

• Naspers Ltd. shares have surpassed their 50-day moving average of $63.83, reaching a high of $65.96 during trading.
• The company maintains a quick ratio of 3.43 and a debt-to-equity ratio of 0.30, indicating strong liquidity and manageable debt levels.
• Naspers operates in the consumer internet industry across multiple regions including Africa, Asia, and Europe, with diverse segments such as classifieds, food delivery, and fintech.

Naspers Ltd. (OTCMKTS:NPSNY - Get Free Report) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $63.83 and traded as high as $65.96. Naspers shares last traded at $65.96, with a volume of 11,931 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Naspers from a "hold" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Naspers currently has a consensus rating of "Strong Buy".

Naspers Stock Up 0.1%

The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.43 and a current ratio of 3.48. The business has a 50-day moving average price of $64.25 and a two-hundred day moving average price of $57.78.

Naspers Company Profile

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.