Naspers (OTCMKTS:NPSNY) Stock Passes Above 50 Day Moving Average - Here's Why

Key Points

• Naspers Ltd. shares recently crossed above their fifty-day moving average, indicating potential upward momentum in the stock, which last traded at $66.54.
• The stock's performance shows a current ratio of 3.48 and a low debt-to-equity ratio of 0.30, suggesting a strong liquidity position.
• Naspers operates across various sectors including classifieds, food delivery, payments and fintech, highlighting its diverse business model within the consumer internet industry.

Shares of Naspers Ltd. (OTCMKTS:NPSNY - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $62.38 and traded as high as $66.56. Naspers shares last traded at $66.54, with a volume of 18,111 shares traded.

Naspers Stock Performance

The stock's 50 day simple moving average is $62.62 and its two-hundred day simple moving average is $55.52. 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.