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

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $19.80, but opened at $18.10. SEEK shares last traded at $18.08, with a volume of 1,569 shares traded.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SKLTY. Zacks Research upgraded SEEK to a “hold” rating in a research note on Thursday, June 4th. Jefferies Financial Group lowered SEEK from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

SEEK Price Performance

The company’s 50-day moving average price is $18.64 and its two-hundred day moving average price is $21.93.

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.