Traders are more bullish on ARC Document Solutions, Inc. recently looking at the downtick in short interest. The firm experienced a fall in short interest of -19.68% as of October 13, 2017 from the last reporting period. Short shares decreased 55,091 over that timeframe. The days to cover decreased to 1.0 and the percentage of shorted shares is 0.00% as of October 13.
The following firms have recently changed their position in ARC. As of the end of the quarter Shell Asset Management CO had sold 1,200 shares trimming its holdings by 2.2%. The value in dollars decreased from $229,000 to $220,000 a change of $9,000 since the last quarter. As of quarter end First Quadrant L P/ca had disposed of a total of 171 shares trimming its position 0.1%. The value of the total investment in ARC Document Solutions, Inc. went from $1,027,000 to $1,009,000 a change of 1.8% quarter over quarter.
As of the end of the quarter First Manhattan Co had sold a total of 6,150 shares trimming its stake by 3.8%. The value of the investment in ARC Document Solutions, Inc. decreased from $676,000 to $640,000 decreasing 5.3% quarter to quarter. As of the end of the quarter Nationwide Fund Advisors had sold 2,954 shares trimming its stake by 5.5%. The value of the investment in ARC decreased from $222,000 to $206,000 a change of 7.2% for the reporting period.
The company is up from yesterday’s close of $4.42. It is currently trading at $4.42 which is marginally over the 50 day moving average which is $4.13 and significantly above the 200 day moving average of $3.85. The 50 day moving average was up $0.29 whereas the 200 day average was up by +14.76%.
The most current P/E ratio is 18.57 and the market cap is 205.26M. In the last earnings report the EPS was $0.24 and is expected to be $0.20 for the current year with 46,439,000 shares presently outstanding. Next quarter’s EPS is expected be $0.03 with next year’s EPS projected to be $0.18.
ARC Document Solutions, Inc. (ARC), launched on October 30, 2004, 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. The Company conducts its operations through its subsidiary, ARC Document Solutions, LLC, and its affiliates..