ARC Document Solutions Inc. (NYSE:ARC) reached 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 changing hands. The stock had previously closed at $3.06.

A number of research analysts have issued reports on ARC shares. Zacks Investment Research downgraded shares of ARC Document Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. B. Riley reissued a “buy” rating and set a $5.00 price objective on shares of ARC Document Solutions in a research report on Monday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. ARC Document Solutions presently has an average rating of “Hold” and a consensus target price of $7.70.

The firm has a market cap of $146.30 million and a PE ratio of 4.98. The firm has a 50 day moving average price of $3.78 and a 200-day moving average price of $3.91.

ARC Document Solutions (NYSE:ARC) last posted its earnings results 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 business posted $0.13 earnings per share. The business earned $103.80 million during the quarter, compared to analysts’ expectations of $109.31 million. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts anticipate that ARC Document Solutions Inc. will post $0.25 earnings per share for the current fiscal year.

In related 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 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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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