ARC Document Solutions (NYSE:ARC) Now Covered by Analysts at StockNews.com

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

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

ARC Document Solutions Stock Performance

NYSE:ARC opened at $3.39 on Tuesday. ARC Document Solutions has a twelve month low of $2.56 and a twelve month high of $3.44. 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 stock’s 50-day simple moving average is $3.39 and its 200 day simple moving average is $3.09. The firm has a market capitalization 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.

Hedge Funds Weigh In On ARC Document Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARC. Jane Street Group LLC bought a new position in ARC Document Solutions during the 3rd quarter worth approximately $55,000. Point72 Asia Singapore Pte. Ltd. bought a new position in ARC Document Solutions during the third quarter worth $56,000. Walleye Capital LLC bought a new position in ARC Document Solutions during the third quarter worth $59,000. Metis Global Partners LLC acquired a new position in ARC Document Solutions in the third quarter valued at $66,000. Finally, Mackenzie Financial Corp boosted its position 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 valued at $91,000 after acquiring an additional 4,519 shares during the last quarter. 48.93% of the stock is currently 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.