ARC Document Solutions (NYSE:ARC) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a research report released on Tuesday morning. The brokerage 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 Stock Performance

Shares of NYSE ARC opened at $3.39 on Tuesday. The stock 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 firm’s 50-day moving average price is $3.39 and its two-hundred day moving average price is $3.10. ARC Document Solutions has a 52-week low of $2.56 and a 52-week high of $3.44. The company has a quick ratio of 1.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.33.

Institutional Trading of ARC Document Solutions

Large investors have recently modified their holdings of the company. Jane Street Group LLC bought a new position in ARC Document Solutions in the 3rd quarter worth about $55,000. Point72 Asia Singapore Pte. Ltd. bought a new position in ARC Document Solutions in the 3rd quarter worth approximately $56,000. Walleye Capital LLC bought a new position in ARC Document Solutions in the 3rd quarter worth approximately $59,000. Metis Global Partners LLC acquired a new stake in ARC Document Solutions in the 3rd quarter valued at approximately $66,000. Finally, Mackenzie Financial Corp raised its stake in 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 valued at $91,000 after acquiring an additional 4,519 shares in the last quarter. Institutional investors and hedge funds own 48.93% of the company’s stock.

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.