SEEK (OTCMKTS:SKLTY) Shares Gap Up – Still a Buy?

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) shares gapped up before the market opened on Monday . The stock had previously closed at $21.92, but opened at $23.1975. SEEK shares last traded at $23.2430, with a volume of 516 shares.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research downgraded SEEK from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Jefferies Financial Group lowered shares of SEEK from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

SEEK Price Performance

The business has a 50-day simple moving average of $19.02 and a 200-day simple moving average of $21.15.

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.