SEEK (OTCMKTS:SKLTY) Shares Down 3% – Here’s Why

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

Analyst Ratings Changes

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

SEEK Stock Performance

The business’s 50 day moving average price is $18.49 and its 200-day moving average price is $19.16.

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.