Schibsted ASA (OTCMKTS:SBSNY) Stock Price Down 0.8% – What’s Next?

Schibsted ASA (OTCMKTS:SBSNYGet Free Report)’s share price dropped 0.8% on Wednesday . The company traded as low as $29.15 and last traded at $29.15. Approximately 1,406 shares were traded during trading, an increase of 48% from the average daily volume of 951 shares. The stock had previously closed at $29.38.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on Schibsted ASA

Schibsted ASA Stock Performance

The firm has a 50 day moving average of $32.23 and a two-hundred day moving average of $31.22.

Schibsted ASA Company Profile

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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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