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

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $23.23, but opened at $19.52. SEEK shares last traded at $19.52, with a volume of 501 shares traded.

Analyst Ratings Changes

Separately, Zacks Research cut 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

SEEK Stock Up 1.6%

The business’s fifty day moving average is $19.24 and its 200-day moving average is $20.88.

About SEEK

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.