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

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

ARC Document Solutions Price Performance

ARC stock opened at $3.37 on Friday. ARC Document Solutions has a one year low of $2.56 and a one year high of $3.44. The company’s fifty day moving average price is $3.37 and its 200-day moving average price is $3.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.54. The company has a market capitalization of $145.79 million, a PE ratio of 18.72, a price-to-earnings-growth ratio of 1.21 and a beta of 1.13.

ARC Document Solutions (NYSE:ARC) last released its earnings results on Wednesday, August 7th. The business services provider reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. ARC Document Solutions had a net margin of 2.76% and a return on equity of 7.29%. The firm had revenue of $75.11 million for the quarter, compared to the consensus estimate of $72.60 million. On average, equities analysts anticipate that ARC Document Solutions will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On ARC Document Solutions

A number of hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp raised its stake 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 purchasing an additional 4,519 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its stake in shares of ARC Document Solutions by 9.7% in the third quarter. Redhawk Wealth Advisors Inc. now owns 79,784 shares of the business services provider’s stock valued at $270,000 after acquiring an additional 7,032 shares during the period. Ritholtz Wealth Management raised its stake in shares of ARC Document Solutions by 16.3% in the second quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 7,805 shares during the period. Heron Bay Capital Management raised its stake in shares of ARC Document Solutions by 29.6% in the first quarter. Heron Bay Capital Management now owns 60,601 shares of the business services provider’s stock valued at $168,000 after acquiring an additional 13,837 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of ARC Document Solutions by 8.2% in the first quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider’s stock valued at $622,000 after acquiring an additional 16,975 shares during the period. 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.