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

StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC - Get Free Report) in a research note issued to investors on Sunday. The firm set a "strong-buy" rating on the business services provider's stock.

Separately, Singular Research raised ARC Document Solutions to a "strong-buy" rating in a report on Wednesday, August 21st.

ARC Document Solutions Stock Performance

Shares of ARC stock remained flat at $3.37 during trading hours on Friday. 63,021 shares of the stock traded hands, compared to its average volume of 197,683. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.41. The firm has a market cap of $145.79 million, a PE ratio of 30.64, a price-to-earnings-growth ratio of 1.52 and a beta of 1.13. The company's 50-day moving average price is $3.38 and its two-hundred day moving average price is $3.04. ARC Document Solutions has a 12 month low of $2.56 and a 12 month high of $3.44.

ARC Document Solutions (NYSE:ARC - Get Free Report) last issued its earnings results on Wednesday, August 7th. The business services provider reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $75.11 million for the quarter, compared to analyst estimates of $72.60 million. ARC Document Solutions had a return on equity of 5.28% and a net margin of 1.61%. Sell-side analysts anticipate that ARC Document Solutions will post 0.19 EPS for the current year.

Hedge Funds Weigh In On ARC Document Solutions

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC boosted its stake in 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 buying an additional 12,998 shares during the period. Metis Global Partners LLC purchased a new stake in shares of ARC Document Solutions in the 3rd quarter valued at about $66,000. Wolverine Asset Management LLC bought a new stake in shares of ARC Document Solutions during the 3rd quarter valued at about $539,000. Redhawk Wealth Advisors Inc. grew its holdings in shares of ARC Document Solutions by 9.7% during the third quarter. Redhawk Wealth Advisors Inc. now owns 79,784 shares of the business services provider's stock worth $270,000 after purchasing an additional 7,032 shares in the last quarter. Finally, Mackenzie Financial Corp increased 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 worth $91,000 after purchasing an additional 4,519 shares during the last quarter. 48.93% of the stock is currently owned by institutional investors.

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.