Schibsted ASA (OTCMKTS:SBSNY) Shares Down 1% – Here’s Why

Schibsted ASA (OTCMKTS:SBSNYGet Free Report)’s share price dropped 1% during trading on Tuesday . The company traded as low as $29.50 and last traded at $29.50. Approximately 1,933 shares were traded during trading, a decline of 45% from the average daily volume of 3,521 shares. The stock had previously closed at $29.80.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Schibsted ASA to a “hold” rating in a research report on Thursday, October 10th.

Read Our Latest Analysis on Schibsted ASA

Schibsted ASA Trading Down 1.0 %

The firm’s 50-day moving average is $33.02 and its 200-day moving average is $31.02.

Schibsted ASA Company Profile

(Get Free Report)

Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Nordic Marketplaces, News Media, Delivery and Growth & Investments segments. It operates online classifieds that provide technology-based services to connect buyers and sellers, and facilitate transactions, including job offers, real estate, cars, travel, consumer goods, and others.

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