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

StockNews.com started coverage on shares of ARC Document Solutions (NYSE:ARC) in a report issued on Monday. The firm issued a strong-buy rating on the business services provider’s stock.

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

ARC Document Solutions Stock Performance

NYSE:ARC opened at $3.40 on Monday. The firm has a market capitalization of $146.87 million, a P/E ratio of 30.87, a PEG ratio of 1.53 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.37. ARC Document Solutions has a one year low of $2.56 and a one year high of $3.44. The company’s 50-day simple moving average is $3.39 and its 200 day simple moving average is $3.07.

Hedge Funds Weigh In On ARC Document Solutions

Large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in ARC Document Solutions during the 3rd quarter valued at about $55,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ARC Document Solutions during the third quarter valued at approximately $56,000. Walleye Capital LLC purchased a new position in ARC Document Solutions in the 3rd quarter worth approximately $59,000. Metis Global Partners LLC bought a new position in ARC Document Solutions in the 3rd quarter valued at approximately $66,000. Finally, Mackenzie Financial Corp boosted its stake 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 valued at $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.