Schibsted ASA (OTCMKTS:SBSNY) Shares Down 3.9% – Here’s What Happened

Shares of Schibsted ASA (OTCMKTS:SBSNY) traded down 3.9% during mid-day trading on Thursday . The stock traded as low as $25.94 and last traded at $25.94. 1,268 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 8,504 shares. The stock had previously closed at $26.9950.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Schibsted ASA to a “hold” rating in a report on Tuesday, April 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Schibsted ASA Stock Performance

The company’s 50 day moving average price is $26.06 and its two-hundred day moving average price is $27.39.

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.