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

StockNews.com assumed coverage on shares of ARC Document Solutions (NYSE:ARC) in a research report report published on Wednesday 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 research report on Wednesday, August 21st.

ARC Document Solutions Price Performance

Shares of NYSE ARC opened at $3.39 on Wednesday. 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 firm has a market capitalization of $146.65 million, a P/E ratio of 30.82, a P/E/G ratio of 1.53 and a beta of 1.13. The stock’s 50-day simple moving average is $3.39 and its two-hundred day simple moving average is $3.12. ARC Document Solutions has a twelve month low of $2.56 and a twelve month high of $3.44.

Institutional Investors Weigh In On ARC Document Solutions

Institutional investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC purchased a new stake in ARC Document Solutions during the 3rd quarter valued at about $539,000. Redhawk Wealth Advisors Inc. boosted its holdings in ARC Document Solutions by 80.7% during the 2nd 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 period. Empowered Funds LLC boosted its holdings in ARC Document Solutions by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 255,092 shares of the business services provider’s stock valued at $862,000 after acquiring an additional 12,998 shares during the period. Renaissance Technologies LLC boosted its holdings in ARC Document Solutions by 1.7% during 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 period. Finally, First Eagle Investment Management LLC boosted its holdings in 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 during the period. 48.93% of the stock is currently owned by hedge funds and other 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.