Arcadis (OTCMKTS:ARCAY) Stock Price Down 6.6% – Here’s What Happened

Shares of Arcadis NV (OTCMKTS:ARCAY) dropped 6.6% on Friday . The stock traded as low as $38.00 and last traded at $38.00. Approximately 100 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 790 shares. The stock had previously closed at $40.70.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded 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.com, Arcadis has an average rating of “Hold”.

Arcadis Price Performance

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 company has a 50 day simple moving average of $39.08 and a 200-day simple moving average of $40.60.

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.