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

Equities research analysts at StockNews.com began coverage on shares of ARC Document Solutions (NYSE:ARC) in a research report issued on Tuesday. The brokerage 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 Price Performance

Shares of ARC opened at $3.39 on Tuesday. The firm has a market cap of $146.65 million, a PE ratio of 30.82, a price-to-earnings-growth ratio of 1.53 and a beta of 1.13. ARC Document Solutions has a 52-week low of $2.56 and a 52-week high of $3.44. The business’s 50 day moving average price is $3.39 and its two-hundred day moving average price is $3.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.49.

Hedge Funds Weigh In On ARC Document Solutions

A number of institutional investors have recently modified their holdings of ARC. Jane Street Group LLC acquired a new stake in ARC Document Solutions in the 3rd quarter valued at $55,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ARC Document Solutions during the third quarter valued at about $56,000. Walleye Capital LLC bought a new stake in shares of ARC Document Solutions during the third quarter worth about $59,000. Metis Global Partners LLC bought a new stake in shares of ARC Document Solutions during the third quarter worth about $66,000. Finally, Mackenzie Financial Corp raised its holdings in shares of ARC Document Solutions by 15.1% in the 2nd 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 during the last quarter. 48.93% of the stock is owned by institutional investors and hedge funds.

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.