ARC Document Solutions (NYSE:ARC) Coverage Initiated by Analysts at StockNews.com

by · The Markets Daily

StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC – Free Report) in a research note published on Friday morning. The firm 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. The firm has a market capitalization of $146.65 million, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 1.53 and a beta of 1.13. The company has a 50 day moving average price of $3.39 and a 200 day moving average price of $3.17. ARC Document Solutions has a one year low of $2.56 and a one 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.

Institutional Investors Weigh In On ARC Document Solutions

Large investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in ARC Document Solutions during the 3rd quarter worth $55,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in ARC Document Solutions during the 3rd quarter worth approximately $56,000. Walleye Capital LLC purchased 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 third quarter valued at approximately $66,000. Finally, Mackenzie Financial Corp raised its stake in shares of ARC Document Solutions by 15.1% during 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. Institutional investors and hedge funds own 48.93% of the company’s stock.

About ARC Document Solutions

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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.

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