ARC Document Solutions (NYSE:ARC) Stock Price Passes Above 200 Day Moving Average - What's Next?

ARC Document Solutions, Inc. (NYSE:ARC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ARC shares. Singular Research upgraded ARC Document Solutions to a "strong-buy" rating in a report on Wednesday, August 21st. StockNews.com initiated coverage on ARC Document Solutions in a research note on Friday. They issued a "strong-buy" rating for the company.

ARC Document Solutions Price Performance

The stock's 50-day moving average price is $3.32 and its 200-day moving average price is $2.98. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The stock has a market cap of $148.10 million, a price-to-earnings ratio of 17.15, a P/E/G ratio of 1.20 and a beta of 1.13.

ARC Document Solutions (NYSE:ARC - Get Free Report) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.07 earnings per share for the quarter, hitting analysts' consensus estimates of $0.07. The business had revenue of $75.11 million during the quarter, compared to the consensus estimate of $72.60 million. ARC Document Solutions had a net margin of 2.76% and a return on equity of 7.29%. On average, sell-side analysts expect that ARC Document Solutions, Inc. will post 0.23 earnings per share for the current year.

ARC Document Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 31st will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.20 annualized dividend and a dividend yield of 5.83%. ARC Document Solutions's payout ratio is 100.00%.

Institutional Investors Weigh In On ARC Document Solutions

Hedge funds have recently added to or reduced their stakes in the business. Mirador Capital Partners LP grew its position in shares of ARC Document Solutions by 3.0% during the 1st quarter. Mirador Capital Partners LP now owns 400,151 shares of the business services provider's stock worth $1,108,000 after buying an additional 11,519 shares during the period. North Star Investment Management Corp. boosted its stake in ARC Document Solutions by 36.5% during the first quarter. North Star Investment Management Corp. now owns 1,494,828 shares of the business services provider's stock worth $4,141,000 after acquiring an additional 400,000 shares in the last quarter. Empowered Funds LLC grew its holdings in ARC Document Solutions by 8.2% in the first quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider's stock worth $622,000 after purchasing an additional 16,975 shares during the period. First Eagle Investment Management LLC increased its stake in ARC Document Solutions by 28.0% in the first quarter. First Eagle Investment Management LLC now owns 134,965 shares of the business services provider's stock valued at $374,000 after purchasing an additional 29,500 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of ARC Document Solutions by 8.3% during the first quarter. Hillsdale Investment Management Inc. now owns 520,037 shares of the business services provider's stock valued at $1,441,000 after purchasing an additional 39,800 shares during the period. 48.93% of the stock is currently owned by institutional investors.

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.