SEEK (OTCMKTS:SKLTY) Shares Gap Up – Here’s What Happened

Shares of SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) gapped up prior to trading on Monday . The stock had previously closed at $21.92, but opened at $23.1975. SEEK shares last traded at $23.2430, with a volume of 516 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Zacks Research downgraded shares of SEEK from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Jefferies Financial Group lowered SEEK from a “strong-buy” rating to a “hold” rating in a 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’s stock. According to data from MarketBeat.com, SEEK has a consensus rating of “Reduce”.

SEEK Trading Down 2.6%

The company has a fifty day moving average of $19.20 and a two-hundred day moving average of $21.04.

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.