SEEK (OTCMKTS:SKLTY) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group cut shares of SEEK (OTCMKTS:SKLTY) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

SEEK Trading Up 6.7%

Shares of SEEK stock opened at $21.90 on Tuesday. SEEK has a 52 week low of $18.20 and a 52 week high of $40.12. The company’s 50-day moving average price is $21.76 and its two-hundred day moving average price is $28.95.

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.