ARC Document Solutions (NYSE:ARC) Shares Pass Above 200-Day Moving Average of $2.39

ARC Document Solutions, Inc. (NYSE:ARC)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.39 and traded as high as $2.85. ARC Document Solutions shares last traded at $2.78, with a volume of 50,436 shares.

The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.31 and a current ratio of 1.44. The company has a market cap of $122.10 million, a PE ratio of 15.67 and a beta of 1.44. The company’s 50-day simple moving average is $2.85 and its 200 day simple moving average is $2.40.

ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings results on Tuesday, August 3rd. The business services provider reported $0.06 EPS for the quarter. ARC Document Solutions had a net margin of 2.77% and a return on equity of 4.84%. The firm had revenue of $68.80 million for the quarter.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 30th. Shareholders of record on Friday, October 29th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, October 28th. This represents a $0.08 annualized dividend and a yield of 2.84%.

In related news, CEO Kumarakulasingam Suriyakumar bought 17,670 shares of the stock in a transaction on Monday, September 13th. The shares were purchased at an average price of $2.61 per share, with a total value of $46,118.70. Following the purchase, the chief executive officer now owns 1,181,617 shares in the company, valued at $3,084,020.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have acquired 66,189 shares of company stock worth $153,943. 16.84% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of ARC Document Solutions by 0.5% during the 1st quarter. BlackRock Inc. now owns 1,288,545 shares of the business services provider’s stock valued at $2,719,000 after purchasing an additional 6,232 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of ARC Document Solutions by 6.1% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 174,496 shares of the business services provider’s stock valued at $375,000 after purchasing an additional 10,106 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of ARC Document Solutions by 5.7% during the 2nd quarter. Geode Capital Management LLC now owns 263,472 shares of the business services provider’s stock valued at $566,000 after purchasing an additional 14,185 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of ARC Document Solutions by 3.7% during the 2nd quarter. North Star Investment Management Corp. now owns 808,328 shares of the business services provider’s stock valued at $1,738,000 after purchasing an additional 28,500 shares in the last quarter. Finally, Mirador Capital Partners LP boosted its position in shares of ARC Document Solutions by 8.9% during the 2nd quarter. Mirador Capital Partners LP now owns 408,293 shares of the business services provider’s stock valued at $878,000 after purchasing an additional 33,501 shares in the last quarter. Institutional investors own 45.33% of the company’s stock.

About ARC Document Solutions (NYSE:ARC)

ARC Document Solutions, Inc engages in the provision of document solutions to design, engineering, construction, and facilities management professionals. It offers managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, web-based document management applications, and equipment and supplies sales.

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