SEEK (OTCMKTS:SKLTY) Trading 4.6% Higher – Still a Buy?

Shares of SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) shot up 4.6% during mid-day trading on Friday . The company traded as high as $18.20 and last traded at $18.1692. 1,388 shares changed hands during trading, a decline of 85% from the average session volume of 9,088 shares. The stock had previously closed at $17.37.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded SEEK from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

SEEK Stock Up 4.6%

The company has a 50-day moving average price of $19.90 and a two-hundred day moving average price of $25.59.

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.