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

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $17.79, but opened at $17.14. SEEK shares last traded at $17.0880, with a volume of 948 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded SEEK from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

SEEK Trading Down 3.6%

The stock’s 50-day moving average is $20.01 and its two-hundred day moving average is $19.90.

About SEEK

SEEK Limited is an Australia-based online employment marketplace and education services company. Through its SEEK platform, the company connects job seekers with employers, allowing individuals to search and apply for vacancies while helping businesses advertise roles, identify candidates and manage recruitment activities.

SEEK also provides employment-related products and services, including recruitment advertising, candidate sourcing, employer branding and related hiring solutions. In addition, the company operates education marketplaces that help prospective students discover courses and training opportunities.

Founded in 1997 by Andrew Bassat and Paul Bassat, SEEK serves employers, recruiters, job seekers and education providers across Australia and New Zealand, as well as selected markets in Asia.