Arcadis (OTCMKTS:ARCAY) Trading 24.6% Higher – What’s Next?
by Tristan Rich · The Markets DailyArcadis NV (OTCMKTS:ARCAY – Get Free Report)’s share price rose 24.6% on Friday . The company traded as high as $37.39 and last traded at $37.39. Approximately 281 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 800 shares. The stock had previously closed at $30.00.
Analysts Set New Price Targets
ARCAY has been the topic of several research analyst reports. Zacks Research raised Arcadis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. KeyCorp lowered Arcadis from an “overweight” rating to a “hold” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Arcadis currently has an average rating of “Moderate Buy”.
Get Our Latest Analysis on ARCAY
Arcadis Price Performance
The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The stock’s 50-day moving average price is $36.14 and its 200 day moving average price is $43.28.
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.