SEEK (OTCMKTS:SKLTY) Stock Price Down 8.6% – Time to Sell?

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) shares dropped 8.6% during mid-day trading on Thursday . The company traded as low as $18.3150 and last traded at $18.3150. 476 shares traded hands during trading, a decline of 94% from the average daily volume of 7,929 shares. The stock had previously closed at $20.04.

Wall Street Analysts Forecast Growth

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

SEEK Stock Performance

The firm has a 50 day moving average price of $20.06 and a two-hundred day moving average price of $20.04.

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.