ARC Document Solutions (NYSE:ARC) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a report published on Saturday morning. The brokerage issued 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. ARC Document Solutions has a 1 year low of $2.56 and a 1 year 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 fifty day moving average price of $3.39 and a 200 day moving average price of $3.21. The stock has a market cap of $146.65 million, a PE ratio of 30.82, a P/E/G ratio of 1.53 and a beta of 1.13.

Hedge Funds Weigh In On ARC Document Solutions

Several hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp grew its position in shares of ARC Document Solutions by 15.1% in the second quarter. Mackenzie Financial Corp now owns 34,496 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 4,519 shares during the period. Redhawk Wealth Advisors Inc. lifted its holdings in shares of ARC Document Solutions by 9.7% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 79,784 shares of the business services provider’s stock valued at $270,000 after acquiring an additional 7,032 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in ARC Document Solutions by 16.3% in the 2nd quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock worth $147,000 after acquiring an additional 7,805 shares during the period. Empowered Funds LLC grew its stake in shares of ARC Document Solutions by 5.4% during the third 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 in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of ARC Document Solutions during the third quarter worth approximately $55,000. 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.