ARC Document Solutions Inc. (NYSE:ARC) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $3.11 and last traded at $3.13, with a volume of 36,680 shares traded. The stock had previously closed at $3.26.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of ARC Document Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. B. Riley reiterated a “buy” rating and issued a $5.00 target price on shares of ARC Document Solutions in a research report on Saturday, May 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. ARC Document Solutions presently has a consensus rating of “Hold” and a consensus price target of $7.70.

The firm has a market capitalization of $145.84 million and a price-to-earnings ratio of 4.96. The stock’s 50 day moving average is $3.87 and its 200-day moving average is $3.92.

ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. During the same quarter in the prior year, the business earned $0.13 EPS. The business had revenue of $103.80 million for the quarter, compared to analysts’ expectations of $109.31 million. The company’s revenue was down 8.5% compared to the same quarter last year. Equities research analysts anticipate 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 firm’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 in the company, valued at approximately $2,032,665.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

An institutional investor recently raised its position in ARC Document Solutions stock. Weber Alan W boosted its stake in shares of ARC Document Solutions Inc. (NYSE:ARC) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 359,700 shares of the company’s stock after buying an additional 25,000 shares during the period. ARC Document Solutions accounts for about 1.3% of Weber Alan W’s portfolio, making the stock its 15th largest position. Weber Alan W owned 0.77% of ARC Document Solutions worth $1,590,000 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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