SEEK (OTCMKTS:SKLTY) Shares Down 8.6% – What’s Next?

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) dropped 8.6% on Thursday . The company traded as low as $18.3150 and last traded at $18.3150. 476 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 7,929 shares. The stock had previously closed at $20.04.

Analysts Set New Price Targets

Separately, Zacks Research downgraded SEEK from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce”.

SEEK Price Performance

The stock’s 50 day simple moving average is $20.04 and its two-hundred day simple moving average is $19.99.

SEEK Company Profile

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.