ARC Document Solutions (NYSE:ARC) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of ARC Document Solutions (NYSE:ARC) in a note issued to investors on Thursday. 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 Price Performance

Shares of NYSE ARC opened at $3.39 on Thursday. The company 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. The company has a quick ratio of 1.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $3.39 and its 200 day moving average is $3.14. ARC Document Solutions has a 52 week low of $2.56 and a 52 week high of $3.44.

Hedge Funds Weigh In On ARC Document Solutions

A number of institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in shares of ARC Document Solutions during the 3rd quarter valued at $55,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in ARC Document Solutions during the 3rd quarter valued at about $56,000. Walleye Capital LLC bought a new stake in ARC Document Solutions during the third quarter worth about $59,000. Metis Global Partners LLC bought a new stake in ARC Document Solutions during the third quarter worth about $66,000. Finally, Mackenzie Financial Corp grew its holdings in ARC Document Solutions by 15.1% in the second quarter. Mackenzie Financial Corp now owns 34,496 shares of the business services provider’s stock worth $91,000 after purchasing an additional 4,519 shares during the period. 48.93% of the stock is owned by institutional investors.

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.