Shares of ARC Document Solutions Inc. (NYSE:ARC) traded up 1.6% during trading on Friday . The company traded as high as $3.29 and last traded at $3.19, with a volume of 97,968 shares traded. The stock had previously closed at $3.14.

A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of ARC Document Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. B. Riley reissued a “buy” rating and issued a $5.00 price objective on shares of ARC Document Solutions in a research report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. ARC Document Solutions presently has a consensus rating of “Hold” and a consensus target price of $7.70.

The stock has a market cap of $145.38 million and a PE ratio of 4.95. The stock has a 50 day moving average of $3.75 and a 200-day moving average of $3.91.

ARC Document Solutions (NYSE:ARC) last released 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 in the prior year, the company posted $0.13 EPS. The firm had revenue of $103.80 million for the quarter, compared to analyst estimates of $109.31 million. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, equities research analysts anticipate that ARC Document Solutions Inc. will post $0.25 EPS for the current fiscal year.

In other ARC Document Solutions news, CEO Kumarakulasingam Suriyakumar sold 200,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 495,772 shares of the company’s stock, valued at approximately $2,032,665.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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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