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

Arcadis NV (OTCMKTS:ARCAY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $42.00, but opened at $37.00. Arcadis shares last traded at $37.00, with a volume of 137 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ARCAY shares. KeyCorp cut shares of Arcadis from an “overweight” rating to a “hold” rating in a research note on Thursday, February 19th. UBS Group lowered Arcadis from a “buy” rating to a “hold” rating in a research report on Friday, December 19th. Finally, Zacks Research upgraded Arcadis to a “hold” rating in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Arcadis Trading Down 11.9%

The firm has a 50 day moving average price of $45.58 and a 200-day moving average price of $46.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.27 and a current 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.