Arcadis (OTCMKTS:ARCAY) Shares Gap Up – Time to Buy?

Arcadis NV (OTCMKTS:ARCAY) shares gapped up before the market opened on Monday . The stock had previously closed at $37.75, but opened at $54.44. Arcadis shares last traded at $54.44, with a volume of 122 shares traded.

Analysts Set New Price Targets

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

Arcadis Price Performance

The stock has a 50 day simple moving average of $39.36 and a 200 day simple moving average of $40.29. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59.

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.