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

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $21.25, but opened at $20.21. SEEK shares last traded at $20.21, with a volume of 202 shares.

Analysts Set New Price Targets

Separately, Zacks Research downgraded SEEK from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

SEEK Stock Performance

The stock’s 50 day moving average is $19.88 and its two-hundred day moving average is $20.15.

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.