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

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) gapped up prior to trading on Friday. The stock had previously closed at $17.70, but opened at $18.4985. SEEK shares last traded at $18.4985, with a volume of 208 shares traded.

Wall Street Analyst Weigh In

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

SEEK Price Performance

The company’s 50 day moving average is $18.77 and its 200-day moving average is $19.19.

SEEK Company Profile

SEEK Limited is an Australian online employment and education marketplace headquartered in Melbourne. The company operates digital platforms that connect employers with job seekers and provide information about employment opportunities, career development and education programs.

SEEK’s services include online job advertising, candidate search and recruitment tools, employer branding, salary and labor-market insights, and listings for courses and other training opportunities. Its platforms serve employers, recruiters, job seekers, students and education providers.

Founded in 1997 by Andrew Bassat and Paul Bassat, SEEK has expanded beyond Australia and New Zealand into employment and education markets across Asia, including through platforms such as JobStreet and Jobsdb.