Schibsted ASA (OTCMKTS:SBSNY) Releases Earnings Results

Schibsted ASA (OTCMKTS:SBSNY) announced its earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $149.56 million for the quarter.

Schibsted ASA Price Performance

SBSNY stock traded up $1.35 during midday trading on Friday, reaching $27.90. The company’s stock had a trading volume of 10,950 shares, compared to its average volume of 9,394. The business’s 50-day simple moving average is $28.12 and its 200-day simple moving average is $33.50. Schibsted ASA has a 52 week low of $18.00 and a 52 week high of $45.00.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered Schibsted ASA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Schibsted ASA currently has an average rating of “Reduce”.

About Schibsted ASA

Schibsted ASA is a Norway-based media and technology group headquartered in Oslo. Established in 1839 with the founding of the newspaper Aftenposten, the company has evolved into a leading digital operator in classifieds, online marketplaces and news media. Schibsted leverages data-driven insights and technology platforms to connect buyers and sellers, as well as to deliver news and content to audiences across multiple channels.

In its media division, Schibsted publishes prominent Scandinavian news brands, including Aftenposten in Norway and Verdens Gang (VG), offering both print and digital editions.