SEEK (OTCMKTS:SKLTY) Shares Gap Down – Should You Sell?

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) gapped down before the market opened on Thursday . The stock had previously closed at $19.80, but opened at $18.10. SEEK shares last traded at $18.08, with a volume of 1,569 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SKLTY. Jefferies Financial Group lowered shares of SEEK from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Zacks Research upgraded SEEK to a “hold” rating in a report on Thursday, June 4th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

SEEK Stock Performance

The stock’s 50-day moving average is $18.69 and its 200-day moving average is $22.05.

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.