SEEK (OTCMKTS:SKLTY) Hits New 12-Month Low – Here’s What Happened

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY)’s share price reached a new 52-week low on Thursday . The stock traded as low as $15.8050 and last traded at $15.8050, with a volume of 597 shares trading hands. The stock had previously closed at $17.27.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut SEEK from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

SEEK Trading Down 4.2%

The company’s fifty day simple moving average is $19.77 and its 200-day simple moving average is $19.65.

About SEEK

SEEK Limited is an Australia-based online employment marketplace and education services company. Through its SEEK platform, the company connects job seekers with employers, allowing individuals to search and apply for vacancies while helping businesses advertise roles, identify candidates and manage recruitment activities.

SEEK also provides employment-related products and services, including recruitment advertising, candidate sourcing, employer branding and related hiring solutions. In addition, the company operates education marketplaces that help prospective students discover courses and training opportunities.

Founded in 1997 by Andrew Bassat and Paul Bassat, SEEK serves employers, recruiters, job seekers and education providers across Australia and New Zealand, as well as selected markets in Asia.