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

Equities research analysts at StockNews.com assumed coverage on shares of ARC Document Solutions (NYSE:ARC) in a note issued to investors on Tuesday. 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

NYSE:ARC opened at $3.38 on Tuesday. The stock has a market cap of $145.95 million, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average is $3.19 and its 200-day moving average is $2.90. ARC Document Solutions has a 1-year low of $2.56 and a 1-year high of $3.41.

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

Institutional Trading of ARC Document Solutions

Several institutional investors have recently added to or reduced their stakes in ARC. Mackenzie Financial Corp boosted its holdings in ARC Document Solutions by 15.1% in the second quarter. Mackenzie Financial Corp now owns 34,496 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 4,519 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in 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 last quarter. Heron Bay Capital Management boosted its holdings in 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 last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in ARC Document Solutions by 80.7% in the second quarter. Redhawk Wealth Advisors Inc. now owns 72,752 shares of the business services provider’s stock valued at $192,000 after acquiring an additional 32,487 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in ARC Document Solutions by 28.0% in the first quarter. First Eagle Investment Management LLC now owns 134,965 shares of the business services provider’s stock valued at $374,000 after acquiring an additional 29,500 shares during the last quarter. 48.93% of the stock is currently owned by institutional investors.

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.