SEEK (OTCMKTS:SKLTY) Downgraded to “Hold” Rating by Jefferies Financial Group

SEEK (OTCMKTS:SKLTY) was downgraded by research analysts at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

SEEK Stock Performance

SKLTY stock opened at $20.52 on Tuesday. SEEK has a 1-year low of $18.20 and a 1-year high of $40.12. The business has a 50 day simple moving average of $21.86 and a two-hundred day simple moving average of $29.00.

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.