American Reprographics (NYSE: ARP) "pops up" 10% in the last 10 days

Interesting "pop" over the last ten days.

On December 10th, ARC's shares were trading around $6.75 per share.

This morning, December 21st, ARC's shares are trading at around $7.43 per share.

That's a "pop" up of just about 10%.

This morning, an article appeared on americanbankingnews.com that said this:

Equities research analysts at Zacks Investment Research upgraded shares of American Reprographics Company (NYSE: ARP) from an “underperform” rating to a “neutral” rating in a research note to clients and investors on Wednesday.

American Reprographics Company (ARC) is a reprographics company in the United States providing business-to-business document-related services that typically include document management, document distribution and logistics, and print-on-demand. The Company’s primary market is the architectural, engineering and construction industry (AEC) industry. It also provides these services to companies in non-AEC industries, such as aerospace, technology, financial services, retail, entertainment, and food and hospitality. As of December 31, 2009, the Company operated 272 reprographics service centers, including 259 service centers in 208 cities in 38 states throughout the United States and the District of Columbia, seven reprographics service centers in Canada, one in United Kingdom and a business venture company in China with five locations. It services approximately 138,000 active customers.

Shares of American Reprographics Company (NYSE: ARP) traded down 0.28% during mid-day trading on Friday, hitting $7.02. American Reprographics Company has a 52 week low of $6.00 and a 52 week high of $11.31. The stock’s 50-day moving average is $7.20 and its 200-day moving average is $7.80. On average, analysts predict that American Reprographics Company will post $0.03 EPS next quarter. The company has a market cap of $321.0 million and a price-to-earnings ratio of N/A.

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Joel's comment:

Given the upgrade, I guess that the equity research analysts at Zacks are now experts in the reprographics industry?

During the past three months, and even before that, there hasn't been much positive news (if any positive news) about "recovery" in the A/E/C Industry or about "recovery" in the A/E/C Reprographics Industry. So, I can only conclude that the Zack's guy/gal who follows and rates ARC must know something that us reprographers don't know.