Arcadis (OTCMKTS:ARCAY) Stock Price Down 4.8% – Here’s What Happened

Shares of Arcadis NV (OTCMKTS:ARCAY) dropped 4.8% during mid-day trading on Friday . The company traded as low as $50.00 and last traded at $50.00. 200 shares were traded during mid-day trading, an increase of 619% from the average session volume of 28 shares. The stock had previously closed at $52.50.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Arcadis from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Arcadis currently has a consensus rating of “Hold”.

Arcadis Stock Performance

The firm has a 50 day moving average of $44.86 and a 200-day moving average of $40.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02.

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.