ARC Document Solutions (NYSE:ARC) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of ARC Document Solutions (NYSE:ARC - Free Report) in a report released on Tuesday. The brokerage issued 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 research report on Wednesday, August 21st.

ARC Document Solutions Stock Performance

NYSE:ARC remained flat at $3.39 on Tuesday. The stock has a market cap of $146.65 million, a P/E ratio of 30.82, a P/E/G ratio of 1.53 and a beta of 1.13. The company has a fifty day simple moving average of $3.39 and a 200-day simple moving average of $3.09. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.49. ARC Document Solutions has a 52 week low of $2.56 and a 52 week high of $3.44.

Institutional Investors Weigh In On ARC Document Solutions

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in ARC Document Solutions in the 3rd quarter worth about $55,000. Point72 Asia Singapore Pte. Ltd. bought a new position in ARC Document Solutions in the 3rd quarter worth about $56,000. Walleye Capital LLC bought a new position in ARC Document Solutions in the 3rd quarter worth about $59,000. Metis Global Partners LLC bought a new position in ARC Document Solutions in the 3rd quarter worth about $66,000. Finally, Mackenzie Financial Corp boosted its stake 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 purchasing an additional 4,519 shares during the period. Hedge funds and other institutional investors own 48.93% of the company's stock.

About ARC Document Solutions

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.