SEEK (OTCMKTS:SKLTY) Shares Gap Up – Time to Buy?

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) shares gapped up prior to trading on Monday . The stock had previously closed at $19.6780, but opened at $21.23. SEEK shares last traded at $21.23, with a volume of 500 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded 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 given a Sell rating to the company. Based on data from MarketBeat.com, SEEK presently has a consensus rating of “Reduce”.

SEEK Stock Performance

The firm has a 50 day moving average price of $19.31 and a 200-day moving average price of $20.81.

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.