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

Equities researchers at StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a report released on Saturday. The firm set a “strong-buy” rating on the business services provider’s stock.

ARC Document Solutions Stock Performance

ARC stock opened at $3.39 on Friday. ARC Document Solutions has a 1-year low of $2.56 and a 1-year high of $3.44. The business has a 50-day moving average price of $3.39 and a 200 day moving average price of $3.21. The company has a market capitalization of $146.65 million, a P/E 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 current ratio of 1.49 and a quick ratio of 1.37.

Institutional Investors Weigh In On ARC Document Solutions

Several hedge funds have recently modified their holdings of ARC. Jane Street Group LLC purchased a new position in ARC Document Solutions during the third quarter valued at approximately $55,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in ARC Document Solutions during the 3rd quarter valued at $56,000. Walleye Capital LLC purchased a new position in shares of ARC Document Solutions in the 3rd quarter valued at $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 lifted its stake 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 worth $91,000 after purchasing an additional 4,519 shares during the last quarter. Hedge funds and other institutional investors own 48.93% of the company’s stock.

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.