ARC Document Solutions Inc (NYSE:ARC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.99 and traded as high as $1.32. ARC Document Solutions shares last traded at $1.31, with a volume of 612 shares changing hands.
Separately, ValuEngine upgraded ARC Document Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.
The firm has a fifty day simple moving average of $1.49 and a 200-day simple moving average of $1.99. The company has a market cap of $59.89 million, a PE ratio of 7.00 and a beta of 1.76. The company has a quick ratio of 1.04, a current ratio of 1.22 and a debt-to-equity ratio of 0.90.
ARC Document Solutions (NYSE:ARC) last announced its earnings results on Tuesday, August 6th. The business services provider reported $0.07 earnings per share for the quarter. The business had revenue of $98.87 million during the quarter. ARC Document Solutions had a net margin of 1.34% and a return on equity of 5.20%. Equities research analysts forecast that ARC Document Solutions Inc will post 0.16 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. River & Mercantile Asset Management LLP purchased a new position in shares of ARC Document Solutions during the 2nd quarter worth approximately $1,115,000. Vanguard Group Inc. lifted its holdings in ARC Document Solutions by 11.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,479,105 shares of the business services provider’s stock worth $3,017,000 after buying an additional 150,925 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in ARC Document Solutions by 10.5% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 102,888 shares of the business services provider’s stock worth $210,000 after buying an additional 9,798 shares in the last quarter. BlackRock Inc. lifted its holdings in ARC Document Solutions by 2.6% in the 2nd quarter. BlackRock Inc. now owns 2,457,515 shares of the business services provider’s stock worth $5,012,000 after buying an additional 63,227 shares in the last quarter. Finally, RBF Capital LLC increased its position in shares of ARC Document Solutions by 9.4% in the 2nd quarter. RBF Capital LLC now owns 543,857 shares of the business services provider’s stock worth $1,110,000 after purchasing an additional 46,897 shares during the last quarter. 60.10% of the stock is owned by institutional investors and hedge funds.
About ARC Document Solutions (NYSE:ARC)
ARC Document Solutions, Inc, a reprographics company, provides document solutions worldwide. It offers managed print services, an onsite service that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; construction document and information management services, which consists of professional services to manage and distribute documents and information primarily related to construction projects; and archive and information management services that combines software and professional services to facilitate the capture, management, access, and retrieval of documents and information that have been produced in the past.
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