SEEK (OTCMKTS:SKLTY) Trading 0.6% Higher – Should You Buy?

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY)’s stock price rose 0.6% during mid-day trading on Thursday . The stock traded as high as $20.1050 and last traded at $20.0325. Approximately 77,966 shares were traded during trading, an increase of 830% from the average daily volume of 8,379 shares. The stock had previously closed at $19.91.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded 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, According to data from MarketBeat, the company has a consensus rating of “Hold”.

SEEK Price Performance

The firm’s fifty day moving average price is $20.93 and its two-hundred day moving average price is $27.38.

About SEEK

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.