SEEK (OTCMKTS:SKLTY) Sets New 52-Week Low – What’s Next?

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) shares hit a new 52-week low on Thursday . The company traded as low as $16.93 and last traded at $16.93, with a volume of 4675 shares. The stock had previously closed at $17.72.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of SEEK from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

SEEK Stock Performance

The firm has a 50-day moving average price of $19.90 and a two-hundred day moving average price of $19.79.

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.