Arcadis (OTCMKTS:ARCAY) Shares Up 24.6% – Here’s Why

Arcadis NV (OTCMKTS:ARCAY)’s stock price was up 24.6% on Friday . The stock traded as high as $37.39 and last traded at $37.39. Approximately 281 shares were traded during trading, a decline of 65% from the average daily volume of 800 shares. The stock had previously closed at $30.00.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ARCAY shares. KeyCorp downgraded shares of Arcadis from an “overweight” rating to a “hold” rating in a research report on Thursday, February 19th. Zacks Research raised shares of Arcadis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Arcadis Stock Down 10.0%

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50 day moving average price of $36.14 and a 200-day moving average price of $43.28.

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.