StockNews.com Begins Coverage on ARC Document Solutions (NYSE:ARC)

Equities research analysts at StockNews.com started coverage on shares of ARC Document Solutions (NYSE:ARC) in a report released on Wednesday. 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 report on Wednesday, August 21st.

ARC Document Solutions Stock Performance

ARC Document Solutions stock opened at $3.39 on Wednesday. ARC Document Solutions has a 12-month low of $2.56 and a 12-month high of $3.44. The company has a quick ratio of 1.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $3.39 and its two-hundred day moving average price is $3.12. The stock has a market cap of $146.65 million, a PE ratio of 30.82, a P/E/G ratio of 1.53 and a beta of 1.13.

Hedge Funds Weigh In On ARC Document Solutions

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of ARC Document Solutions during the third quarter worth approximately $55,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ARC Document Solutions during the third quarter worth approximately $56,000. Walleye Capital LLC acquired a new position in shares of ARC Document Solutions during the third quarter worth approximately $59,000. Metis Global Partners LLC acquired a new position in shares of ARC Document Solutions during the third quarter worth approximately $66,000. Finally, Mackenzie Financial Corp grew its holdings 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 worth $91,000 after buying an additional 4,519 shares in the last quarter. 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.