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

Arcadis NV (OTCMKTS:ARCAY) gapped down before the market opened on Monday . The stock had previously closed at $41.96, but opened at $40.04. Arcadis shares last traded at $40.04, with a volume of 265 shares traded.

Analysts Set New Price Targets

Several research analysts recently commented on ARCAY shares. KeyCorp lowered 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 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Arcadis Trading Down 4.6%

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 stock’s 50 day simple moving average is $36.52 and its 200-day simple moving average is $40.95.

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.