SEEK (OTCMKTS:SKLTY) Reaches New 52-Week Low – Should You Sell?

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $15.8050 and last traded at $15.8050, with a volume of 597 shares changing hands. The stock had previously closed at $17.27.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of SEEK from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

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SEEK Price Performance

The firm has a 50 day simple moving average of $19.61 and a 200-day simple moving average of $19.57.

About SEEK

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SEEK Limited is an Australia-based online employment marketplace and education services company. Through its SEEK platform, the company connects job seekers with employers, allowing individuals to search and apply for vacancies while helping businesses advertise roles, identify candidates and manage recruitment activities.

SEEK also provides employment-related products and services, including recruitment advertising, candidate sourcing, employer branding and related hiring solutions. In addition, the company operates education marketplaces that help prospective students discover courses and training opportunities.

Founded in 1997 by Andrew Bassat and Paul Bassat, SEEK serves employers, recruiters, job seekers and education providers across Australia and New Zealand, as well as selected markets in Asia.

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