SEEK (OTCMKTS:SKLTY) Shares Gap Up – Still a Buy?

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) gapped up before the market opened on Friday. The stock had previously closed at $17.70, but opened at $18.4985. SEEK shares last traded at $18.4985, with a volume of 208 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded SEEK from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, SEEK currently has a consensus rating of “Hold”.

SEEK Trading Up 4.5%

The firm has a 50-day moving average of $18.77 and a 200-day moving average of $19.19.

About SEEK

SEEK Limited is an Australian online employment and education marketplace headquartered in Melbourne. The company operates digital platforms that connect employers with job seekers and provide information about employment opportunities, career development and education programs.

SEEK’s services include online job advertising, candidate search and recruitment tools, employer branding, salary and labor-market insights, and listings for courses and other training opportunities. Its platforms serve employers, recruiters, job seekers, students and education providers.

Founded in 1997 by Andrew Bassat and Paul Bassat, SEEK has expanded beyond Australia and New Zealand into employment and education markets across Asia, including through platforms such as JobStreet and Jobsdb.