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

Several research firms recently weighed in on ARC. Zacks Investment Research upgraded ARC Document Solutions from a “sell” rating to a “hold” rating in a 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 note on Saturday, May 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $7.70.

The firm has a 50 day moving average price of $3.73 and a 200-day moving average price of $3.90. The firm has a market cap of $145.38 million and a price-to-earnings ratio of 4.95.

ARC Document Solutions (NYSE:ARC) last posted 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. The business earned $103.80 million during the quarter, compared to analysts’ expectations of $109.31 million. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. Equities research analysts expect 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 ARC Document Solutions stock in a transaction that occurred 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 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 accessible through this hyperlink.

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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