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) in a research note issued to investors on Sunday. The firm issued a strong-buy rating on the business services provider’s stock.

Separately, Singular Research upgraded ARC Document Solutions to a “strong-buy” rating in a research note on Wednesday, August 21st.

ARC Document Solutions Stock Performance

NYSE ARC opened at $3.38 on Friday. The business’s 50-day moving average price is $3.39 and its 200 day moving average price is $3.05. ARC Document Solutions has a twelve month low of $2.56 and a twelve month high of $3.44. The company has a market capitalization of $146.22 million, a PE ratio of 30.73, a price-to-earnings-growth ratio of 1.52 and a beta of 1.13. The company has a current ratio of 1.49, a quick ratio of 1.37 and a debt-to-equity ratio of 0.33.

Institutional Investors Weigh In On ARC Document Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in shares of ARC Document Solutions by 8.2% in the first quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider’s stock valued at $622,000 after buying an additional 16,975 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of ARC Document Solutions by 80.7% in the second quarter. Redhawk Wealth Advisors Inc. now owns 72,752 shares of the business services provider’s stock valued at $192,000 after buying an additional 32,487 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of ARC Document Solutions by 1.7% in the second quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock valued at $7,545,000 after buying an additional 48,245 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of ARC Document Solutions by 62.0% in the second quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock valued at $577,000 after buying an additional 83,708 shares in the last quarter. Finally, Heron Bay Capital Management grew its stake in shares of ARC Document Solutions by 54.2% in the second quarter. Heron Bay Capital Management now owns 93,471 shares of the business services provider’s stock valued at $247,000 after buying an additional 32,870 shares in the last quarter. 48.93% of the stock is currently owned by institutional investors and hedge funds.

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.