SEEK (OTCMKTS:SKLTY) Shares Up 6.9% – Still a Buy?

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY)’s share price shot up 6.9% during trading on Tuesday . The company traded as high as $19.51 and last traded at $19.51. 4,410 shares traded hands during trading, a decline of 51% from the average session volume of 8,934 shares. The stock had previously closed at $18.25.

Analysts Set New Price Targets

SKLTY has been the subject of several research analyst reports. Jefferies Financial Group lowered SEEK from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Zacks Research upgraded shares of SEEK to a “hold” rating in a research report on Thursday, June 4th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

SEEK Price Performance

The firm’s 50 day moving average price is $18.70 and its two-hundred day moving average price is $22.46.

SEEK Company Profile

SEEK Limited (OTCMKTS:SKLTY) is an Australian-based online employment marketplace that connects job seekers with employers across a range of industries. The company’s flagship platform, SEEK, offers employers access to a resume database and a suite of recruitment tools, while providing candidates with job listings, career advice and skills training resources. In addition to its core job-board business, SEEK has expanded its offerings to include talent management solutions and online learning modules designed to upskill workers and meet evolving labour market demands.

Founded in Melbourne in 1997 by Paul Bassat, Andrew Bassat and Matt Rockman, SEEK quickly grew to dominate the Australian and New Zealand recruitment markets.