Schibsted ASA (OTCMKTS:SBSNY) Shares Down 0.9% – Here’s What Happened

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

Wall Street Analyst Weigh In

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

Schibsted ASA Stock Performance

The firm has a 50 day moving average price of $31.49 and a 200-day moving average price of $30.41.

Schibsted ASA Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Investors 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 payout ratio is currently 8.09%.

About Schibsted ASA

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.