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

Equities researchers at StockNews.com assumed coverage on shares of ARC Document Solutions (NYSE:ARC) in a report issued on Monday. The brokerage set 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 Trading Up 0.3 %

NYSE ARC opened at $3.39 on Monday. The stock’s 50 day moving average price is $3.39 and its two-hundred day moving average price is $3.06. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.49. The stock has a market capitalization of $146.65 million, a price-to-earnings ratio of 30.82, a PEG ratio of 1.53 and a beta of 1.13. ARC Document Solutions has a 52 week low of $2.56 and a 52 week high of $3.44.

Institutional Trading of ARC Document Solutions

Several institutional investors and hedge funds have recently bought and sold shares of ARC. Wolverine Asset Management LLC acquired a new stake in shares of ARC Document Solutions during the 3rd quarter worth about $539,000. Redhawk Wealth Advisors Inc. lifted its holdings in shares of ARC Document Solutions by 80.7% in the second 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 during the last quarter. Renaissance Technologies LLC lifted its stake 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. First Eagle Investment Management LLC boosted its position 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 worth $577,000 after buying an additional 83,708 shares during the period. Finally, Heron Bay Capital Management raised its position in ARC Document Solutions by 54.2% during the 2nd quarter. Heron Bay Capital Management now owns 93,471 shares of the business services provider’s stock worth $247,000 after purchasing an additional 32,870 shares during 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.