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

Key Points

• Arcadis shares gapped down premarket, opening at $37.18 after a $38.75 close, with only about 150 shares trading.
• Zacks Research upgraded the stock to a Strong Buy on April 22 while KeyCorp cut it to a Hold in February, leaving a MarketBeat consensus of "Moderate Buy" (one Strong Buy, two Holds).
• The company has a debt-to-equity ratio of 0.59, current and quick ratios of 1.02, a 50-day SMA of $35.87 versus a 200-day SMA of $42.95, and is a global design and consultancy firm operating in 70+ countries.

Shares of Arcadis NV (OTCMKTS:ARCAY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $38.75, but opened at $37.18. Arcadis shares last traded at $37.18, with a volume of 150 shares trading hands.

Analyst Ratings Changes

Several research analysts recently issued reports on ARCAY shares. Zacks Research raised shares of Arcadis from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 22nd. KeyCorp lowered shares of Arcadis from an "overweight" rating to a "hold" rating in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Arcadis has a consensus rating of "Moderate Buy".

Arcadis Price Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a fifty day simple moving average of $35.87 and a 200-day simple moving average of $42.95.

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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