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 $33.00, but opened at $30.00. Arcadis shares last traded at $30.00, with a volume of 2,809 shares.

Wall Street Analysts Forecast Growth

ARCAY has been the subject of several analyst reports. UBS Group cut shares of Arcadis from a “buy” rating to a “hold” rating in a research report on Friday, December 19th. KeyCorp cut shares of Arcadis from an “overweight” rating to a “hold” rating in a research report on Thursday, February 19th. Finally, Zacks Research raised shares of Arcadis to a “hold” rating in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Arcadis Stock Down 28.6%

The business has a fifty day moving average of $44.26 and a 200 day moving average of $46.01. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02.

About Arcadis

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.