Arcadis (OTCMKTS:ARCAY) Shares Gap Down – Here’s Why

Arcadis NV (OTCMKTS:ARCAY) gapped down prior to trading on Monday . The stock had previously closed at $45.00, but opened at $42.66. Arcadis shares last traded at $41.00, with a volume of 3,383 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Zacks Research upgraded Arcadis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 22nd. KeyCorp lowered Arcadis from an “overweight” rating to a “hold” rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Arcadis Price Performance

The business has a fifty day moving average price of $35.72 and a 200-day moving average price of $42.06. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59.

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.