Schibsted ASA (OTCMKTS:SBSNY) Shares Up 6% – Time to Buy?

Schibsted ASA (OTCMKTS:SBSNY) shares rose 6% on Tuesday . The stock traded as high as $26.4350 and last traded at $26.4350. Approximately 507 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 7,772 shares. The stock had previously closed at $24.95.

Analyst Ratings Changes

Separately, Zacks Research raised 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, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Schibsted ASA Trading Up 6.0%

The stock has a 50-day moving average price of $25.67 and a 200 day moving average price of $26.36.

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.