SEEK (OTCMKTS:SKLTY) Shares Gap Down – What’s Next?

Shares of SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) gapped down before the market opened on Wednesday . The stock had previously closed at $21.16, but opened at $20.4575. SEEK shares last traded at $20.4770, with a volume of 388 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research cut SEEK from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

SEEK Trading Down 1.1%

The firm has a fifty day simple moving average of $19.42 and a 200 day simple moving average of $20.65.

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.