SEEK (OTCMKTS:SKLTY) Stock Falls 3% – Here’s What Happened

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) traded down 3% on Tuesday. The company traded as low as $17.95 and last traded at $17.95. Approximately 900 shares were traded during trading, a decline of 88% from the average session volume of 7,648 shares. The stock had previously closed at $18.4985.

Analysts Set New Price Targets

Separately, Zacks Research raised SEEK from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

SEEK Price Performance

The stock has a 50-day simple moving average of $18.59 and a two-hundred day simple moving average of $19.18.

About SEEK

SEEK Limited is an Australia-based online employment marketplace and education services company. Through its digital platforms, the company connects job seekers with employers and provides tools for advertising vacancies, searching for candidates and managing recruitment activities.

SEEK also operates education-related businesses that help users find and compare courses and training opportunities. Its employment marketplaces serve employers, recruiters, students and job seekers across Australia and New Zealand, with the broader SEEK group also holding interests in employment and education platforms in selected international markets.

Founded in 1997, SEEK has expanded from an Australian job-listing website into a broader employment and education technology business.