ARC Document Solutions (NYSE:ARC) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

ARC Document Solutions, Inc. (NYSE:ARC) shares 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 trading hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Singular Research upgraded ARC Document Solutions to a “strong-buy” rating in a report on Wednesday, August 21st. StockNews.com started coverage on ARC Document Solutions in a report on Friday. They issued a “strong-buy” rating for the company.

ARC Document Solutions Price Performance

The stock’s fifty day moving average is $3.32 and its 200-day moving average is $2.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 1.41. The stock has a market capitalization of $148.10 million, a P/E ratio of 17.18, a PEG ratio of 1.20 and a beta of 1.13.

ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. ARC Document Solutions had a return on equity of 7.29% and a net margin of 2.76%. The business had revenue of $75.11 million for the quarter, compared to analyst estimates of $72.60 million. On average, equities analysts anticipate that ARC Document Solutions, Inc. will post 0.23 earnings per share for the current year.

ARC Document Solutions Announces Dividend

The business 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. This represents a $0.20 annualized dividend and a yield of 5.83%. The ex-dividend date of this dividend is Thursday, October 31st. ARC Document Solutions’s payout ratio is currently 100.00%.

Institutional Trading of ARC Document Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. lifted its position in shares of ARC Document Solutions by 9.7% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 79,784 shares of the business services provider’s stock worth $270,000 after buying an additional 7,032 shares during the period. Mackenzie Financial Corp grew its stake in ARC Document Solutions by 15.1% during the second quarter. Mackenzie Financial Corp now owns 34,496 shares of the business services provider’s stock worth $91,000 after buying an additional 4,519 shares during the last quarter. Heron Bay Capital Management increased its holdings in shares of ARC Document Solutions by 54.2% during the second quarter. Heron Bay Capital Management now owns 93,471 shares of the business services provider’s stock worth $247,000 after buying an additional 32,870 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of ARC Document Solutions by 62.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock worth $577,000 after acquiring an additional 83,708 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in ARC Document Solutions by 1.7% during the 2nd 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. Institutional investors own 48.93% of the company’s stock.

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.