ARC Document Solutions Inc. (NYSE:ARC)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $3.06 and last traded at $3.13, with a volume of 39,592 shares. The stock had previously closed at $3.06.

A number of equities analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $5.00 target price on shares of ARC Document Solutions in a report on Monday, May 2nd. Zacks Investment Research lowered ARC Document Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $7.70.

The stock has a market capitalization of $145.38 million and a PE ratio of 4.95. The firm’s 50-day moving average price is $3.73 and its 200 day moving average price is $3.90.

ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. During the same period last year, the firm earned $0.13 earnings per share. The company had revenue of $103.80 million for the quarter, compared to analysts’ expectations of $109.31 million. ARC Document Solutions’s quarterly revenue was down 8.5% compared to the same quarter last year. Equities research analysts forecast that ARC Document Solutions Inc. will post $0.25 EPS for the current year.

In other news, CEO Kumarakulasingam Suriyakumar sold 200,000 shares of the business’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $4.10, for a total transaction of $820,000.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through this link.

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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