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

Shares of SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTYGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 11,306 shares changed hands during mid-day 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.

Analyst Ratings Changes

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

Get Our Latest Analysis on SEEK

SEEK Trading Down 0.8%

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

SEEK Company Profile

(Get Free Report)

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.

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