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

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $18.1250, but opened at $19.66. SEEK shares last traded at $19.66, with a volume of 900 shares traded.

Analysts Set New Price Targets

Several research firms have commented on SKLTY. Zacks Research upgraded shares of SEEK to a “hold” rating in a research report on Thursday, June 4th. Jefferies Financial Group downgraded shares of SEEK from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, SEEK has a consensus rating of “Hold”.

SEEK Stock Up 8.5%

The firm has a 50 day moving average price of $18.61 and a 200-day moving average price of $21.78.

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.