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

Arcadis NV (OTCMKTS:ARCAY) shares gapped down before the market opened on Thursday . The stock had previously closed at $40.70, but opened at $38.00. Arcadis shares last traded at $38.00, with a volume of 200 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Arcadis from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Arcadis Price Performance

The company’s 50 day moving average is $38.86 and its 200-day moving average is $40.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02.

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.