B. Riley Reinstates ARC Document Solutions Inc to Buy with Price Target $5

Brokerage firm B. Riley Reinstates its rating on ARC Document Solutions Inc(ARC). In a research note issued to the investors, the brokerage major Announces the price-target to $5 per share. The shares have been rated Buy. The rating by the stock financial advisor at B. Riley was issued on Mar 20, 2017 in a research report to their Investors and Clients.

ARC Document Solutions Inc (ARC) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -1.33% at a volume of 1,89,721. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.85. The peak price level was also seen at $3.85 while the days lowest was $3.5. Finally the shares closed at $3.7. The 52-week high of the shares is $5.55 while the 52-week low is $3.06. According to the latest information available, the market cap of the company is $170 M.

ARC Document Solutions Inc(ARC) last announced its earnings results on Feb 21, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $98.558M. Analysts had an estimated revenue of $96.570M. Earnings per share were $0.06. Analysts had estimated an EPS of $0.05.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2017, Dilantha Wijesuriya (Chief Operating Officer) sold 6,225 shares at $4.34 per share price.Also, On Mar 8, 2017, Jorge Avalos (Chief Financial Officer) sold 7,650 shares at $4.35 per share price.On Sep 16, 2016, Dennis Jeffery Grimes (VP, Sr. Counsel & Secty) purchased 20 shares at $3.25 per share price, according to the Form-4 filing with the securities and exchange commission.

ARC Document Solutions Inc. (ARC) is a document solutions provider to businesses of various types specially the non-residential segment of the architecture engineering and construction (AEC) industry. ARC’s service and product offerings are classified as: Onsite Services consisting of managed print services (MPS) and facilities management (FM) services; Digital Services consisting of digital document management services of various kinds including archive and information management (AIM) digital shipping and managed file transfer software licensing and technology consulting services; Color Services consisting of specialized digital color printing and finishing services; Traditional Reprographics consisting of the management distribution and print-on-demand of construction drawings and specification books and Equipment and Supplies consisting of reselling printing imaging and related equipment and supplies. The Company’s brands include ARC and Riot Creative Imaging.

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