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

StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a research report report published on Tuesday morning. The firm issued 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 Tuesday. ARC Document Solutions has a 12-month low of $2.56 and a 12-month high of $3.44. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.37. The company has a market capitalization of $146.65 million, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 1.53 and a beta of 1.13. The firm’s fifty day moving average price is $3.39 and its 200 day moving average price is $3.10.

Institutional Investors Weigh In On ARC Document Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wolverine Asset Management LLC acquired a new position in ARC Document Solutions in the third quarter worth about $539,000. Redhawk Wealth Advisors Inc. grew its position in shares of 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 worth $192,000 after acquiring an additional 32,487 shares in the last quarter. Empowered Funds LLC grew its position in shares of ARC Document Solutions by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 255,092 shares of the business services provider’s stock worth $862,000 after acquiring an additional 12,998 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of ARC Document Solutions by 1.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock valued at $7,545,000 after acquiring an additional 48,245 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of ARC Document Solutions by 62.0% during 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 acquiring an additional 83,708 shares in the last quarter. 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.