ARC Document Solutions Inc. (NYSE:ARC) shares were down 10.2% on Wednesday . The company traded as low as $3.35 and last traded at $3.43, with a volume of 174,561 shares changing hands. The stock had previously closed at $3.82.

A number of research analysts recently weighed in on ARC shares. B. Riley reissued a “buy” rating and issued a $5.00 price objective on shares of ARC Document Solutions in a research note on Saturday, May 7th. Zacks Investment Research raised ARC Document Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. ARC Document Solutions presently has a consensus rating of “Hold” and an average price target of $8.00.

The stock’s 50 day moving average price is $4.00 and its 200-day moving average price is $3.94. The firm has a market cap of $165.95 million and a PE ratio of 1.75.

ARC Document Solutions (NYSE:ARC) last posted its earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The business earned $103.80 million during the quarter, compared to analyst estimates of $109.31 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue was down 8.5% on a year-over-year basis. On average, equities research analysts forecast that ARC Document Solutions Inc. will post $0.32 earnings per share for the current fiscal year.

In other ARC Document Solutions news, VP Dennis Jeffery Grimes bought 13,198 shares of the firm’s stock in a transaction on Thursday, May 5th. The stock was purchased at an average cost of $4.15 per share, with a total value of $54,771.70. Following the completion of the purchase, the vice president now owns 29,197 shares in the company, valued at $121,167.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kumarakulasingam Suriyakumar sold 200,000 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $4.10, for a total value of $820,000.00. Following the completion of the transaction, the chief executive officer now directly owns 495,772 shares of the company’s stock, valued at $2,032,665.20. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have bought and sold shares of the company. Russell Frank Co boosted its position in ARC Document Solutions by 32.5% in the fourth quarter. Russell Frank Co now owns 428,012 shares of the company’s stock worth $1,905,000 after buying an additional 104,942 shares during the last quarter. Boston Partners boosted its position in ARC Document Solutions by 26.4% in the fourth quarter. Boston Partners now owns 1,853,490 shares of the company’s stock worth $8,192,000 after buying an additional 387,000 shares during the last quarter. Finally, Weber Alan W boosted its position in ARC Document Solutions by 7.5% in the fourth quarter. Weber Alan W now owns 359,700 shares of the company’s stock worth $1,590,000 after buying an additional 25,000 shares during the last quarter.

ARC Document Solutions, Inc (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales.

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