Shares last traded at $4.16 which is slightly above the 50 day moving average which is $3.85 and a bit lower than the 200 day moving average of $4.18. The 50 day moving average was up $0.31 or +8.08% and the 200 day average was down $-0.03. ARC Document Solutions, Inc. shares had a trading volume of 67K in the last trading session. Volume was down 82.95% under the stocks average daily volume.
ARC Document Solutions, Inc. (NYSE:ARC) has been the object of insider buying activity recently. Dennis Jeffery Grimes, VP, Sr. Counsel & Corp. Secty acquired $2,035 worth of shares at an average price of $3.37 on Mon the 8th. That brings the VP, Sr. Counsel & Corp. Secty’s holdings to $112,305 per an SEC filing yesterday. VP, Sr. Counsel & amp; Secty Dennis Jeffery Grimes acquired 2,380 shares at an average price of $2.94 on March 31st. The VP, Sr. Counsel & amp; Secty now owns $96,200 of the stock as reported to the SEC.
VP, Sr. Counsel & Secty Dennis Jeffery Grimes disclosed the purchase of 321 shares of (ARC). The shares were bought on March 20th for an average price of $4.10. Grimes now owns $124,398 of the stock per the Form 4 SEC filing.
Here are some other firms who have updated their holdings. As of quarter end Bank Of Montreal /can/ had disposed of 11,400 shares trimming its stake by 96.3%. The value of the investment in ARC Document Solutions, Inc. went from $41,000 to $2,000 a change of $39,000 quarter over quarter. As of the end of the quarter Morgan Stanley had bought a total of 27,236 shares growing its position 10.6%. The value of the investment in (ARC) decreased from $1,308,000 to $982,000 a change of 24.9% for the reporting period.
Tower Research Capital LLC (trc) downsized its holdings by shedding 627 shares a decrease of 40.5% from 06/30/2016 to 03/31/2017. Tower Research Capital LLC (trc) currently owns 920 shares with a value of $3,000. The value of the position overall is down by 50.0%. As of quarter end Goldman Sachs Group Inc had sold a total of 71 shares trimming its holdings by 0.5%. The value of the investment in ARC went from $70,000 to $47,000 decreasing 32.9% quarter to quarter.
B. Riley began coverage of the stock setting a rating of “Buy”. On November 9 the stock rating was downgraded from “Buy” to “Hold” in a statement from Lake Street.
On November 5 the company was downgraded to “Market Perform” from “Outperform” by analysts at William Blair. On July 16 the company was upgraded to “Buy” from “Hold” in a report from Stifel Nicolaus.
On September 25, 2014 Lake Street Capital initiated coverage giving it an initial rating of “Buy” and price target of $11.00.
The company is so far trading up by 1.46% since yesterday’s close of $4.1. As of the latest earnings report the EPS was $-1.07 and is expected to be $0.22 for the current year with 46,427,000 shares outstanding. Next quarter’s EPS is expected be $0.06 with next year’s EPS projected to be $0.33.
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..