Arcadis (OTCMKTS:ARCAY) Shares Gap Down – What’s Next?

Arcadis NV (OTCMKTS:ARCAY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $43.97, but opened at $31.44. Arcadis shares last traded at $31.44, with a volume of 705 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently issued reports on ARCAY. KeyCorp lowered Arcadis from an “overweight” rating to a “hold” rating in a research report on Thursday, February 19th. Zacks Research raised 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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Arcadis Price Performance

The business has a 50-day simple moving average of $45.86 and a two-hundred day simple moving average of $47.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.27 and a quick ratio of 1.27.

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.