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

Arcadis NV (OTCMKTS:ARCAY) shares 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 traded.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ARCAY. KeyCorp downgraded shares of Arcadis from an “overweight” rating to a “hold” rating in a report on Thursday, February 19th. UBS Group cut Arcadis from a “buy” rating to a “hold” rating in a report on Friday, December 19th. Finally, Zacks Research raised Arcadis to a “hold” rating in a research note on Tuesday, February 24th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Arcadis Stock Performance

The company’s 50-day moving average price is $45.48 and its 200 day moving average price is $46.84. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.86.

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.