Shares of ARC Document Solutions Inc. (NYSE:ARC) dropped 1.9% during trading on Monday . The company traded as low as $3.11 and last traded at $3.12, with a volume of 76,262 shares traded. The stock had previously closed at $3.18.

ARC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of ARC Document Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. B. Riley reiterated a “buy” rating and issued a $5.00 target price on shares of ARC Document Solutions in a research note on Monday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $7.70.

The stock has a 50-day moving average price of $3.80 and a 200-day moving average price of $3.92. The firm has a market capitalization of $143.08 million and a P/E ratio of 4.87.

ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.10 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.10. During the same quarter in the previous year, the business posted $0.13 earnings per share. The firm earned $103.80 million during the quarter, compared to the consensus estimate of $109.31 million. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. On average, equities research analysts predict that ARC Document Solutions Inc. will post $0.25 earnings per share for the current fiscal year.

In other ARC Document Solutions news, CEO Kumarakulasingam Suriyakumar sold 200,000 shares of the stock in a transaction on Monday, June 6th. The stock was 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 in the company, valued at approximately $2,032,665.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A hedge fund recently raised its stake in ARC Document Solutions stock. Weber Alan W increased its stake in 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 (SEC). The institutional investor owned 359,700 shares of the company’s stock after buying an additional 25,000 shares during the period. ARC Document Solutions accounts for approximately 1.3% of Weber Alan W’s holdings, 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.