Schibsted ASA (OTCMKTS:SBSNY) Stock Price Down 0.9% – What’s Next?

Schibsted ASA (OTCMKTS:SBSNY) traded down 0.9% during mid-day trading on Wednesday . The company traded as low as $32.65 and last traded at $32.65. 264 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 3,064 shares. The stock had previously closed at $32.96.

Analyst Ratings Changes

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

Schibsted ASA Stock Performance

The stock’s 50-day simple moving average is $31.49 and its 200 day simple moving average is $30.41.

Schibsted ASA Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.5459 per share. The ex-dividend date of this dividend was Wednesday, September 4th. Schibsted ASA’s dividend payout ratio (DPR) is 8.09%.

Schibsted ASA Company Profile

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.