Arcadis (OTCMKTS:ARCAY) Trading 24.6% Higher – What’s Next?

Arcadis NV (OTCMKTS:ARCAY)’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”.

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.