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

Arcadis NV (OTCMKTS:ARCAY) gapped up before the market opened on Thursday . The stock had previously closed at $35.50, but opened at $39.00. Arcadis shares last traded at $44.99, with a volume of 2,352 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ARCAY shares. Zacks Research upgraded shares of Arcadis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 22nd. KeyCorp downgraded shares of Arcadis from an “overweight” rating to a “hold” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Arcadis presently has a consensus rating of “Moderate Buy”.

Arcadis Price Performance

The business’s fifty day moving average is $35.71 and its 200-day moving average is $42.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59.

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.