ARC Document Solutions (NYSE:ARC) Upgraded to “Hold” at ValuEngine

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ValuEngine upgraded shares of ARC Document Solutions (NYSE:ARC) from a sell rating to a hold rating in a report issued on Thursday, ValuEngine reports.

ARC opened at $1.92 on Thursday. The stock has a 50-day moving average of $1.98. The company has a current ratio of 1.23, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The stock has a market cap of $88.84 million, a price-to-earnings ratio of 10.11 and a beta of 1.88. ARC Document Solutions has a 1 year low of $1.76 and a 1 year high of $3.59.

ARC Document Solutions (NYSE:ARC) last issued its earnings results on Monday, May 6th. The business services provider reported $0.01 earnings per share for the quarter. ARC Document Solutions had a return on equity of 5.96% and a net margin of 2.21%. The business had revenue of $97.12 million during the quarter. As a group, equities analysts anticipate that ARC Document Solutions will post 0.2 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Comprehensive Portfolio Management LLC purchased a new position in ARC Document Solutions in the 1st quarter worth about $27,000. Squarepoint Ops LLC increased its position in shares of ARC Document Solutions by 65.9% during the 4th quarter. Squarepoint Ops LLC now owns 68,500 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 27,200 shares during the last quarter. California Public Employees Retirement System increased its position in shares of ARC Document Solutions by 29.5% during the 4th quarter. California Public Employees Retirement System now owns 90,618 shares of the business services provider’s stock valued at $186,000 after purchasing an additional 20,622 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of ARC Document Solutions by 174.1% during the 4th quarter. Bank of New York Mellon Corp now owns 92,233 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 58,588 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of ARC Document Solutions by 65.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 157,654 shares of the business services provider’s stock valued at $352,000 after purchasing an additional 62,367 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

About ARC Document Solutions

ARC Document Solutions, Inc, a reprographics company, provides document solutions worldwide. It offers managed print services, an onsite service that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; construction document and information management services, which consists of professional services to manage and distribute documents and information primarily related to construction projects; and archive and information management services that combines software and professional services to facilitate the capture, management, access, and retrieval of documents and information that have been produced in the past.

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