SEEK Limited [ASX:SEK] operates a global online employment advertising platform. SEEK operates three main businesses — SEEK employment, SEEK learning and SEEK international in 12 different countries.
The SEEK share price closed 1.78% higher on Thursday.
Today, SEEK’s Chinese subsidiary, career platform Zhaopin, announced a 32% year on year increase in revenue to RMB 298.2 million for the September 2014 quarter.
Since the start of 2013, the stock price has risen from around $7.10 to today’s $17.
SEEK has been an excellent example of a disruptive tech company. It was able to capture and alter how job seekers applied for positions, ruining a good source of income for newspapers.
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It paid a 30 cent dividend for the 2014 financial year. Its debt levels are acceptable. Also, the company is keen to expand further in international markets.
SEEK is currently trading at a price to earnings ratio of 34 times. However, the average annual P/E this year sits at 27. This is telling you investors are expecting earnings to increase next financial year.
The stock is roughly one dollar off its all time high of $18.25. It is appears to be an expensive stock to buy at its current price of $17.10. However, since reaching a new high this year the share price has regularly traded between $16–18.
The growth in SEEK shares isn’t over, but try not to overpay for the stock.
Shae Smith+
Editor, Money Weekend
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