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

ARC has been the topic of a number of analyst reports. Zacks Investment Research downgraded ARC Document Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. B. Riley reissued a “buy” rating and issued a $5.00 price target on shares of ARC Document Solutions in a research note on Monday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $8.00.

The company’s 50 day moving average price is $3.96 and its 200-day moving average price is $3.93. The stock has a market capitalization of $158.03 million and a price-to-earnings ratio of 5.376.

ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The firm earned $103.80 million during the quarter, compared to the consensus estimate of $109.31 million. The business’s revenue was down 8.5% compared to the same quarter last year. During the same period last year, the business earned $0.13 earnings per share. On average, equities analysts expect that ARC Document Solutions Inc. will post $0.28 earnings per share for the current year.

In related news, CEO Kumarakulasingam Suriyakumar sold 200,000 shares of ARC Document Solutions stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $4.10, for a total value of $820,000.00. Following the transaction, the chief executive officer now directly owns 495,772 shares of the company’s stock, valued at $2,032,665.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A hedge fund recently raised its stake in ARC Document Solutions stock. Russell Frank Co boosted its position in shares of ARC Document Solutions Inc. (NYSE:ARC) by 32.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 428,012 shares of the company’s stock after buying an additional 104,942 shares during the period. Russell Frank Co owned 0.91% of ARC Document Solutions worth $1,905,000 as of its most recent SEC filing.

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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