Naspers (OTCMKTS:NPSNY) Stock Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• Naspers Ltd. shares crossed above their fifty day moving average of $67.28, reaching a high of $75.03 during trading.
• Analysts have recently upgraded Naspers' rating from a "strong sell" to a "hold" and then to a "buy," with a consensus rating of "Buy."
• The company's debt-to-equity ratio stands at 0.30, indicating a relatively low level of debt compared to equity, along with strong liquidity ratios.

Shares of Naspers Ltd. (OTCMKTS:NPSNY - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $67.28 and traded as high as $75.03. Naspers shares last traded at $74.71, with a volume of 27,578 shares changing hands.

Analysts Set New Price Targets

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

Naspers Trading Up 1.5%

The company's 50 day moving average price is $67.28 and its two-hundred day moving average price is $60.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.48 and a quick ratio of 3.43.

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.

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