SEEK (OTCMKTS:SKLTY) Shares Gap Down – What’s Next?

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $23.23, but opened at $19.52. SEEK shares last traded at $19.52, with a volume of 501 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Zacks Research cut shares of SEEK from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Jefferies Financial Group lowered SEEK from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

SEEK Price Performance

The stock’s 50-day moving average price is $19.20 and its 200 day moving average price is $21.04.

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.