SEEK (OTCMKTS:SKLTY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) saw unusually-strong trading volume on Thursday . 19,317 shares were traded during mid-day trading, an increase of 121% from the previous session’s volume of 8,739 shares.The stock last traded at $20.70 and had previously closed at $20.18.

Wall Street Analyst Weigh In

SKLTY has been the subject of a number of research analyst reports. Zacks Research upgraded SEEK to a “hold” rating in a report on Thursday, June 4th. Jefferies Financial Group cut shares of SEEK from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

SEEK Stock Up 2.6%

The company’s fifty day moving average price is $18.61 and its two-hundred day moving average price is $21.62.

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.