SEEK (OTCMKTS:SKLTY) Shares Down 6.6% – Here’s Why

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) shares fell 6.6% on Friday . The stock traded as low as $18.08 and last traded at $18.08. 10,340 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 8,822 shares. The stock had previously closed at $19.35.

Wall Street Analyst Weigh In

SKLTY has been the topic of several research analyst reports. Zacks Research upgraded shares of SEEK to a “hold” rating in a research note on Thursday, June 4th. Jefferies Financial Group cut shares of SEEK from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, SEEK currently has a consensus rating of “Hold”.

SEEK Stock Performance

The company’s 50 day simple moving average is $18.64 and its two-hundred day simple moving average is $21.93.

SEEK Company Profile

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.