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

Key Points

• Arcadis stock gapped up — shares opened at $42.00 versus a prior close of $38.78, an approximate 8.3% jump on light volume (~212 shares).
• Analyst sentiment has softened to an average Hold rating after UBS and KeyCorp downgraded the stock and Zacks set a Hold, leaving three analysts at Hold.
• Technical and financials show the stock trading below both the 50-day ($45.48) and 200-day ($46.84) moving averages, with moderate leverage (debt/equity ~0.86) and liquidity ratios around 1.27.

Arcadis NV (OTCMKTS:ARCAY - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $38.78, but opened at $42.00. Arcadis shares last traded at $42.00, with a volume of 212 shares.

Analysts Set New Price Targets

ARCAY has been the subject of a number of research analyst reports. UBS Group lowered 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 report on Thursday, February 19th. Finally, Zacks Research upgraded shares of Arcadis to a "hold" rating in a report on Tuesday, February 24th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Arcadis Trading Up 8.3%

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a fifty day moving average price of $45.48 and a 200-day moving average price of $46.84.

About Arcadis

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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