SEEK (OTCMKTS:SKLTY) Shares Gap Up – Here’s Why

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) shares gapped up prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

SKLTY has been the subject of a number of analyst reports. Jefferies Financial Group downgraded shares of SEEK from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. 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 given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.

SEEK Stock Up 6.0%

The stock has a fifty day moving average of $19.02 and a 200-day 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.