SEEK (OTCMKTS:SKLTY) Stock Falls 3% – Here’s What Happened

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) traded down 3% on Tuesday. The stock traded as low as $17.95 and last traded at $17.95. 900 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 7,648 shares. The stock had previously closed at $18.4985.

Analysts Set New Price Targets

Separately, Zacks Research raised SEEK from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

SEEK Price Performance

The stock has a 50 day moving average price of $18.59 and a 200 day moving average price of $19.18.

SEEK Company Profile

SEEK Limited is an Australia-based online employment marketplace and education services company. Through its digital platforms, the company connects job seekers with employers and provides tools for advertising vacancies, searching for candidates and managing recruitment activities.

SEEK also operates education-related businesses that help users find and compare courses and training opportunities. Its employment marketplaces serve employers, recruiters, students and job seekers across Australia and New Zealand, with the broader SEEK group also holding interests in employment and education platforms in selected international markets.

Founded in 1997, SEEK has expanded from an Australian job-listing website into a broader employment and education technology business.