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

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

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

ARC Document Solutions Price Performance

Shares of NYSE:ARC opened at $3.40 on Monday. The firm’s 50 day moving average is $3.39 and its two-hundred day moving average is $3.07. 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 current ratio of 1.49, a quick ratio of 1.37 and a debt-to-equity ratio of 0.33. ARC Document Solutions has a 52 week low of $2.56 and a 52 week high of $3.44.

Institutional Trading of ARC Document Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARC. Wolverine Asset Management LLC purchased a new stake in shares of ARC Document Solutions during the third quarter valued at $539,000. Redhawk Wealth Advisors Inc. lifted its stake in ARC Document Solutions by 80.7% during the second quarter. Redhawk Wealth Advisors Inc. now owns 72,752 shares of the business services provider’s stock valued at $192,000 after buying an additional 32,487 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of ARC Document Solutions by 1.7% in the second quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock worth $7,545,000 after buying an additional 48,245 shares during the period. First Eagle Investment Management LLC increased its position in shares of ARC Document Solutions by 62.0% in the second quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock worth $577,000 after acquiring an additional 83,708 shares in the last quarter. Finally, Heron Bay Capital Management raised its holdings in shares of ARC Document Solutions by 54.2% during the second quarter. Heron Bay Capital Management now owns 93,471 shares of the business services provider’s stock valued at $247,000 after acquiring an additional 32,870 shares during the period. 48.93% of the stock is 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.