SEEK (OTCMKTS:SKLTY) Sees Strong Trading Volume – Time to Buy?

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) shares saw unusually-high trading volume on Thursday . Approximately 11,306 shares changed hands during trading, an increase of 38% from the previous session’s volume of 8,215 shares.The stock last traded at $21.02 and had previously closed at $20.68.

Wall Street Analyst Weigh In

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

SEEK Stock Down 0.8%

The stock has a fifty day simple moving average of $19.58 and a 200-day simple moving average of $20.32.

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.