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

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

ARC Document Solutions Stock Performance

Shares of NYSE:ARC opened at $3.39 on Friday. The firm has a fifty day simple moving average of $3.39 and a two-hundred day simple moving average of $3.21. The company has a quick ratio of 1.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The stock 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 52 week low of $2.56 and a 52 week high of $3.44.

Hedge Funds Weigh In On ARC Document Solutions

Large investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in ARC Document Solutions in the third quarter worth $199,000. Barclays PLC purchased a new stake in shares of ARC Document Solutions in the third quarter valued at $282,000. XTX Topco Ltd bought a new stake in shares of ARC Document Solutions in the 3rd quarter worth about $121,000. Jane Street Group LLC purchased a new position in shares of ARC Document Solutions during the 3rd quarter worth about $55,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ARC Document Solutions during the 3rd quarter worth about $56,000. 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.