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

StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a research note issued to investors on Wednesday morning. The firm issued 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 research note on Wednesday, August 21st.

ARC Document Solutions Price Performance

Shares of NYSE ARC opened at $3.39 on Wednesday. The business has a 50-day moving average of $3.39 and a two-hundred day moving average of $3.13. The company has a market capitalization of $146.65 million, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 1.53 and a beta of 1.13. ARC Document Solutions has a 1 year low of $2.56 and a 1 year high of $3.44. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.37.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in ARC Document Solutions in the third quarter valued at approximately $55,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ARC Document Solutions in the 3rd quarter valued at $56,000. Walleye Capital LLC purchased a new stake in ARC Document Solutions in the 3rd quarter valued at $59,000. Metis Global Partners LLC acquired a new stake in ARC Document Solutions during the 3rd quarter worth $66,000. Finally, Mackenzie Financial Corp grew its position in ARC Document Solutions by 15.1% during the 2nd 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 last quarter. Hedge funds and other institutional investors 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.