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

Schibsted ASA (OTCMKTS:SBSNYGet Free Report) traded down 1% during trading on Tuesday . The company traded as low as $29.50 and last traded at $29.50. 1,933 shares were traded during mid-day trading, a decline of 45% from the average session volume of 3,521 shares. The stock had previously closed at $29.80.

Wall Street Analyst Weigh In

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

Read Our Latest Report on SBSNY

Schibsted ASA Price Performance

The firm’s fifty day simple moving average is $32.98 and its 200-day simple moving average is $30.97.

About Schibsted ASA

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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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