StockNews.com Initiates Coverage on ARC Document Solutions (NYSE:ARC)

Equities researchers at StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a report released on Friday. The firm set a “strong-buy” rating on the business services provider’s stock.

ARC Document Solutions Stock Performance

Shares of ARC stock opened at $3.39 on Friday. The company has a market capitalization of $146.65 million, a P/E ratio of 30.82, a PEG ratio of 1.53 and a beta of 1.13. ARC Document Solutions has a fifty-two week low of $2.56 and a fifty-two week high of $3.44. 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 50 day moving average price of $3.39 and a two-hundred day moving average price of $3.17.

Institutional Investors Weigh In On ARC Document Solutions

Several institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of ARC Document Solutions during the third quarter valued at about $55,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in ARC Document Solutions during the 3rd quarter valued at about $56,000. Walleye Capital LLC bought a new position in ARC Document Solutions during the 3rd quarter valued at approximately $59,000. Metis Global Partners LLC purchased a new stake in ARC Document Solutions in the 3rd quarter worth approximately $66,000. Finally, Mackenzie Financial Corp lifted its holdings in ARC Document Solutions by 15.1% in the 2nd quarter. Mackenzie Financial Corp now owns 34,496 shares of the business services provider’s stock worth $91,000 after buying an additional 4,519 shares during the period. Hedge funds and other institutional investors 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.