SEEK (OTCMKTS:SKLTY) Stock Price Up 10.5% – Still a Buy?

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) traded up 10.5% during mid-day trading on Friday . The company traded as high as $21.41 and last traded at $21.41. 800 shares were traded during trading, a decline of 91% from the average session volume of 8,503 shares. The stock had previously closed at $19.37.

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 investment 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 has an average rating of “Reduce”.

SEEK Trading Up 8.3%

The company has a 50-day moving average of $19.24 and a 200-day moving average of $20.88.

SEEK Company Profile

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.