ARC Document Solutions (NYSE:ARC) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a research note issued on Sunday. The firm set a “strong-buy” rating on the business services provider’s stock.

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

ARC Document Solutions Stock Performance

ARC opened at $3.36 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.54. The company has a market cap of $145.32 million, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. The stock has a 50-day moving average of $3.09 and a 200-day moving average of $2.83. ARC Document Solutions has a 52-week low of $2.56 and a 52-week high of $3.41.

ARC Document Solutions (NYSE:ARC) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $75.11 million during the quarter, compared to analysts’ expectations of $72.60 million. ARC Document Solutions had a return on equity of 7.29% and a net margin of 2.76%. As a group, equities research analysts forecast that ARC Document Solutions will post 0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ARC. Victory Capital Management Inc. acquired a new position in shares of ARC Document Solutions in the 4th quarter worth approximately $82,000. Mackenzie Financial Corp raised its stake in ARC Document Solutions by 15.1% during the second quarter. Mackenzie Financial Corp now owns 34,496 shares of the business services provider’s stock worth $91,000 after acquiring an additional 4,519 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of ARC Document Solutions by 16.3% during the second quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 7,805 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of ARC Document Solutions by 43.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 53,125 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 16,167 shares in the last quarter. Finally, Heron Bay Capital Management grew its holdings in shares of ARC Document Solutions by 29.6% in the 1st quarter. Heron Bay Capital Management now owns 60,601 shares of the business services provider’s stock worth $168,000 after purchasing an additional 13,837 shares during the last quarter. Institutional investors and hedge funds 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.