SEEK (OTCMKTS:SKLTY) Shares Down 6.6% – Here’s Why

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY)’s stock price was down 6.6% during trading on Friday . The company traded as low as $18.08 and last traded at $18.08. 10,340 shares were traded during trading, an increase of 17% from the average daily volume of 8,822 shares. The stock had previously closed at $19.35.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SKLTY shares. Jefferies Financial Group downgraded SEEK from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Zacks Research upgraded SEEK to a “hold” rating in a research note on Thursday, June 4th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

SEEK Stock Performance

The company has a 50 day simple moving average of $18.66 and a two-hundred day simple moving average of $21.96.

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.