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

Research analysts at StockNews.com began coverage on shares of ARC Document Solutions (NYSE:ARC) in a research report issued to clients and investors on Sunday. The firm 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 opened at $3.37 on Friday. The company’s 50 day simple moving average is $3.38 and its 200 day simple moving average is $3.04. The stock has a market capitalization of $145.79 million, a PE ratio of 30.64, a P/E/G ratio of 1.52 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.49. ARC Document Solutions has a 1 year low of $2.56 and a 1 year high of $3.44.

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, meeting analysts’ consensus estimates of $0.07. The business had revenue of $75.11 million during the quarter, compared to analyst estimates of $72.60 million. ARC Document Solutions had a net margin of 1.61% and a return on equity of 5.28%. As a group, sell-side analysts expect that ARC Document Solutions will post 0.19 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ARC. Empowered Funds LLC increased its position in ARC Document Solutions by 8.2% in the 1st quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider’s stock worth $622,000 after buying an additional 16,975 shares during the period. Redhawk Wealth Advisors Inc. increased its holdings in ARC Document Solutions by 80.7% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 72,752 shares of the business services provider’s stock valued at $192,000 after buying an additional 32,487 shares during the period. Renaissance Technologies LLC raised its position in ARC Document Solutions by 1.7% in the second quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock worth $7,545,000 after purchasing an additional 48,245 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of ARC Document Solutions by 62.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock valued at $577,000 after purchasing an additional 83,708 shares in the last quarter. Finally, Heron Bay Capital Management boosted its position in ARC Document Solutions by 54.2% in the second quarter. Heron Bay Capital Management now owns 93,471 shares of the business services provider’s stock valued at $247,000 after buying an additional 32,870 shares in the last quarter. 48.93% of the stock is 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.