On Thursday, equity research analysts working for StockNews.com began covering ARC Document Solutions in a report that was made public (NYSE: ARC).
The business services provider’s stock was given a recommendation from the company of “strong buy,” which means to purchase the stock immediately.
When trading started on Thursday, the price of an individual share of ARC was $3.08.
The current price of the stock, which is trading at $3.41, is higher than its 50-day simple moving average, which is $2.95.
The debt-to-equity ratio, the current ratio, and the quick ratio are all equal to 0.35, and the range for each ratio is from 1.48 to 1.36.
The current valuation of the business at $132.53 million is based on several metrics, including its price-to-earnings-growth ratio of 0.84, its beta value of 1.43, and its earnings-to-price ratio of 11.41.
ARC Document Solutions reached an all-time low of $2.11 during the past year, while the company’s stock reached an all-time high of $4.18 during the same period.
ARC Document Solutions (NYSE: ARC) made public on February 22 the results of its most recent quarterly financial report.
The provider of business services reported an earnings per share figure for the quarter of $0.06, which was $0.01 more than the consensus estimate of $0.05.
The company’s revenue for the quarter was also in line with expectations.
The analysts’ revenue projections for the upcoming quarter for the company range from $70.80 million to $68.82 million, with a median estimate of $68.82 million.
The return on equity for ARC Document Solutions was 7.68%, and the net margin for the company was 3.88%.
The company’s earnings per share came in at $0.06, a decrease of $0.01 compared to the same quarter’s results in the prior year.
Industry analysts anticipate that ARC Document Solutions will generate $0.31 per share for the current financial year.
This information is based on projections made for the industry.
The fact that CTO Rahul K. Roy sold 23,230 shares of the company’s stock on March 2 is one piece of additional information regarding ARC Document Solutions.
There was a total transaction volume of $74,336.00 worth of shares sold, and the average price of each share was $3.20.
Because the transaction was completed, the chief technology officer owns 414,342 shares.
These shares have a value of $1,325,894.40.
Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website.
This file can be found on the website.
The total number of shares owned by the company’s insiders is 19.76%.
Recent deals involving the company’s shares involved institutional buyers and sellers.
The acquisition of shares in ARC Document Solutions by Jane Street Group LLC came at $29,000 during the third quarter of the fiscal year. Occudo Quantitative Strategies LP acquired ARC Document Solutions at approximately $29,000 during the second quarter of the fiscal year.
An increase in Virtu Financial LLC’s holdings of ARC Document Solutions resulted in the company investing approximately $39,000 during the year’s first quarter.
Tower Research Capital LLC (TRC) achieved a 47.6% increase in the percentage of equity it held in ARC Document Solutions during the third quarter.
Tower Research Capital LLC (TRC) currently possesses 17,514 shares of the business services provider’s stock after recently acquiring ownership of an additional 5,648 shares collectively valued at $40,000.
And finally, during the third quarter, Mackenzie Financial Corporation added to its holdings in ARC Document Solutions by spending $41,000 to purchase additional company stock shares.
To the tune of 47.68% of the company’s shares, hedge funds, and other institutional investors are the owners.
Professionals in the fields of design, engineering, construction, and facility management can make use of the document solutions that are made available by ARC Document Solutions, INC It is possible to buy supplies and equipment in addition to using managed print services (MPS), offshore services, archive, and information management (AIM), specialized color printing, and web-based document management tools.
This is true for large and small companies alike.