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

Arcadis NV (OTCMKTS:ARCAY) shares gapped down prior to trading on Thursday . The stock had previously closed at $40.70, but opened at $38.00. Arcadis shares last traded at $38.00, with a volume of 200 shares.

Analyst Ratings Changes

Separately, Zacks Research cut Arcadis from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Arcadis Stock Down 6.6%

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s 50 day moving average price is $38.86 and its 200 day moving average price is $40.67.

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.