Schibsted ASA (OTCMKTS:SBSNY) Posts Quarterly Earnings Results

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

Schibsted ASA Stock Performance

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

Analyst Ratings Changes

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

Schibsted ASA Company Profile

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.