Arcadis (OTCMKTS:ARCAY) Shares Gap Down – What’s Next?

Shares of Arcadis NV (OTCMKTS:ARCAY) gapped down prior to trading on Friday. The stock had previously closed at $48.10, but opened at $44.81. Arcadis shares last traded at $44.81, with a volume of 100 shares traded.

Wall Street Analysts Forecast Growth

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

Arcadis Stock Down 7.9%

The firm has a fifty day moving average of $49.18 and a two-hundred day moving average of $41.61.

About Arcadis

Arcadis N.V. is a Netherlands-based global design, engineering and consultancy company that helps public- and private-sector clients plan, develop and manage natural and built assets. Its work spans infrastructure, buildings, water systems, environmental projects and urban development.

The company provides services including engineering and architectural design, project and program management, environmental consulting, climate adaptation, water management, remediation, transportation planning and digital solutions.