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

Research analysts at StockNews.com started coverage on shares of ARC Document Solutions (NYSE:ARC) in a research report issued to clients and investors on Tuesday. The brokerage set 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 report on Wednesday, August 21st.

ARC Document Solutions Price Performance

ARC stock opened at $3.39 on Tuesday. The company has a market capitalization of $146.65 million, a price-to-earnings ratio of 30.82, a PEG ratio of 1.53 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.49. The stock has a fifty day moving average of $3.39 and a 200-day moving average of $3.10. ARC Document Solutions has a fifty-two week low of $2.56 and a fifty-two week high of $3.44.

Institutional Trading of ARC Document Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of ARC Document Solutions during the third quarter worth about $55,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in 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 shares of ARC Document Solutions in the 3rd quarter worth $66,000. Finally, Mackenzie Financial Corp raised its position in shares of 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 buying an additional 4,519 shares in 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.