Arcadis (OTCMKTS:ARCAY) Stock Price Up 24.6% – Time to Buy?

Arcadis NV (OTCMKTS:ARCAY) shares rose 24.6% during mid-day trading on Friday . The company traded as high as $37.39 and last traded at $37.39. Approximately 281 shares were traded 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 a number of recent analyst reports. KeyCorp lowered Arcadis from an “overweight” rating to a “hold” rating in a research report on Thursday, February 19th. Zacks Research raised Arcadis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Arcadis Trading Down 1.9%

The stock has a 50-day simple moving average of $36.05 and a 200-day simple moving average of $43.16. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02.

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.