Arcadis (OTCMKTS:ARCAY) Shares Down 10.5% - Here's What Happened

Key Points

• Shares fell 10.5% to $33.00 on Tuesday with only about 109 shares traded (a 77% drop from average volume), signaling a sharp decline on very thin liquidity.
• Several analysts have downgraded the stock (UBS and KeyCorp moved to "Hold"), and Arcadis carries a consensus "Hold" rating from three analysts.
• The stock is trading well below its 50-day ($45.42) and 200-day ($46.51) moving averages, reflecting sustained technical weakness.

Arcadis NV (OTCMKTS:ARCAY - Get Free Report)'s stock price dropped 10.5% on Tuesday . The company traded as low as $33.00 and last traded at $33.00. Approximately 109 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 480 shares. The stock had previously closed at $36.88.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group downgraded shares of Arcadis from a "buy" rating to a "hold" rating in a research report on Friday, December 19th. KeyCorp downgraded Arcadis from an "overweight" rating to a "hold" rating in a research report on Thursday, February 19th. Finally, Zacks Research upgraded Arcadis to a "hold" rating in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Arcadis has a consensus rating of "Hold".

Arcadis Stock Performance

The firm's 50 day moving average price is $45.42 and its 200-day moving average price is $46.51. 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.

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