Arcadis (OTCMKTS:ARCAY) Stock Price Down 28.6% – Here’s What Happened

Arcadis NV (OTCMKTS:ARCAY) shares dropped 28.6% during mid-day trading on Tuesday . The company traded as low as $30.00 and last traded at $30.00. Approximately 523 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 594 shares. The stock had previously closed at $42.00.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ARCAY shares. KeyCorp downgraded shares of Arcadis from an “overweight” rating to a “hold” rating in a research note on Thursday, February 19th. Zacks Research upgraded shares of Arcadis to a “hold” rating in a report on Tuesday, February 24th. Finally, UBS Group lowered shares of Arcadis from a “buy” rating to a “hold” rating in a research report on Friday, December 19th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Arcadis Stock Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50-day simple moving average of $42.91 and a 200 day simple moving average of $45.61.

Arcadis Company Profile

Arcadis NV (OTCMKTS:ARCAY) is a leading global design and consultancy firm specializing in the built and natural environment. The company provides a wide range of professional services, including infrastructure design, water management, environmental consulting, project and program management, and advisory services. Arcadis partners with public- and private-sector clients to develop sustainable solutions for urbanization, resource scarcity, and climate change challenges.

Founded in 1888 with origins in Dutch waterway engineering, Arcadis has evolved into a multinational organization operating in more than 70 countries.