ARC Document Solutions Inc. (ARC) Stock Price Up 2.1%
ARC Document Solutions Inc. (NYSE:ARC) rose 2.1% on Friday . The company traded as high as $3.44 and last traded at $3.36, with a volume of 78,143 shares trading hands. The stock had previously closed at $3.29.
ARC has been the topic of a number of research reports. Zacks Investment Research lowered shares of ARC Document Solutions from a “hold” rating to a “sell” rating in a research note 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 note on Monday, May 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $7.70.
The company has a 50 day moving average of $3.66 and a 200-day moving average of $3.89. The firm has a market cap of $153.66 million and a price-to-earnings ratio of 5.23.
ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. The business had revenue of $103.80 million for the quarter, compared to analysts’ expectations of $109.31 million. During the same quarter last year, the company earned $0.13 earnings per share. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, equities research analysts expect 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 business’s stock in a transaction dated 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 $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.
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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