StockNews.com Initiates Coverage on ARC Document Solutions (NYSE:ARC)

Stock analysts at StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a report released on Wednesday. The firm set a “strong-buy” rating on the business services provider’s stock.

Separately, Singular Research upgraded shares of ARC Document Solutions to a “strong-buy” rating in a report on Wednesday, August 21st.

ARC Document Solutions Stock Performance

Shares of ARC Document Solutions stock opened at $3.39 on Wednesday. The company has a fifty day simple moving average of $3.39 and a 200-day simple moving average of $3.12. ARC Document Solutions has a 12-month low of $2.56 and a 12-month high of $3.44. The company has a current ratio of 1.49, a quick ratio of 1.37 and a debt-to-equity ratio of 0.33. The stock has a market cap of $146.65 million, a price-to-earnings ratio of 30.82, a PEG ratio of 1.53 and a beta of 1.13.

Institutional Trading of ARC Document Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in ARC Document Solutions in the 3rd quarter valued at $55,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in ARC Document Solutions in the 3rd quarter valued at $56,000. Walleye Capital LLC purchased a new stake in ARC Document Solutions in the 3rd quarter valued at $59,000. Metis Global Partners LLC purchased a new position in ARC Document Solutions during the 3rd quarter worth $66,000. Finally, Mackenzie Financial Corp raised its position in ARC Document Solutions by 15.1% during the 2nd 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. Hedge funds and other institutional investors own 48.93% of the company’s stock.

ARC Document Solutions Company Profile

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.