Schibsted ASA (OTCMKTS:SBSNY) Stock Price Up 2.2% – What’s Next?

Schibsted ASA (OTCMKTS:SBSNY)’s share price rose 2.2% during trading on Friday . The stock traded as high as $36.07 and last traded at $36.07. Approximately 305 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 2,474 shares. The stock had previously closed at $35.30.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Schibsted ASA to a “strong sell” rating in a report on Tuesday, March 25th.

Schibsted ASA Price Performance

The business has a 50-day simple moving average of $34.70 and a 200 day simple moving average of $30.93.

Schibsted ASA Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were given a $0.1151 dividend. This represents a yield of 0.37%. The ex-dividend date of this dividend was Friday, May 9th. Schibsted ASA’s payout ratio is 6.09%.

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.