ARC Document Solutions (NYSE:ARC) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

ARC Document Solutions, Inc. (NYSE:ARC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.98 and traded as high as $3.44. ARC Document Solutions shares last traded at $3.43, with a volume of 99,723 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. StockNews.com assumed coverage on ARC Document Solutions in a report on Friday. They issued a “strong-buy” rating on the stock. Singular Research raised ARC Document Solutions to a “strong-buy” rating in a research report on Wednesday, August 21st.

ARC Document Solutions Stock Performance

The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The stock has a market cap of $148.10 million, a PE ratio of 17.15, a P/E/G ratio of 1.20 and a beta of 1.13. The business’s 50-day moving average price is $3.32 and its 200-day moving average price is $2.98.

ARC Document Solutions (NYSE:ARC) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $75.11 million for the quarter, compared to analyst estimates of $72.60 million. ARC Document Solutions had a net margin of 2.76% and a return on equity of 7.29%. As a group, equities research analysts expect that ARC Document Solutions, Inc. will post 0.23 earnings per share for the current fiscal year.

ARC Document Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 31st will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.20 annualized dividend and a yield of 5.83%. ARC Document Solutions’s dividend payout ratio (DPR) is 100.00%.

Institutional Investors Weigh In On ARC Document Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its stake in shares of ARC Document Solutions by 1.7% during the second quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock worth $7,545,000 after acquiring an additional 48,245 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in ARC Document Solutions by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,550,606 shares of the business services provider’s stock worth $4,094,000 after purchasing an additional 83,795 shares in the last quarter. North Star Investment Management Corp. grew its position in ARC Document Solutions by 36.5% during the 1st quarter. North Star Investment Management Corp. now owns 1,494,828 shares of the business services provider’s stock worth $4,141,000 after purchasing an additional 400,000 shares during the last quarter. Hillsdale Investment Management Inc. increased its stake in ARC Document Solutions by 8.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 520,037 shares of the business services provider’s stock valued at $1,441,000 after purchasing an additional 39,800 shares in the last quarter. Finally, Mirador Capital Partners LP raised its holdings in shares of ARC Document Solutions by 3.0% in the first quarter. Mirador Capital Partners LP now owns 400,151 shares of the business services provider’s stock worth $1,108,000 after buying an additional 11,519 shares during the last quarter. 48.93% of the stock is currently owned by hedge funds and other institutional investors.

About ARC Document Solutions

ARC Document Solutions, Inc, a digital printing company, provides digital printing and document-related services in the United States. It provides managed print services, that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and cloud-based document management software and other digital hosting services.