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

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) shares gapped down prior to trading on Thursday . The stock had previously closed at $21.25, but opened at $20.21. SEEK shares last traded at $20.21, with a volume of 202 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of SEEK from a “hold” rating to a “strong sell” rating in a 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. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

SEEK Stock Up 1.6%

The firm has a fifty day moving average price of $19.99 and a two-hundred day moving average price of $20.13.

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.