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

StockNews.com assumed coverage on shares of ARC Document Solutions (NYSE:ARC) in a report released on Thursday morning. The firm 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 note on Wednesday, August 21st.

ARC Document Solutions Price Performance

Shares of NYSE:ARC opened at $3.39 on Thursday. The firm has a market cap of $146.65 million, a price-to-earnings ratio of 30.82, a P/E/G ratio of 1.53 and a beta of 1.13. The firm has a fifty day moving average price of $3.39 and a 200 day moving average price of $3.15. 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 fifty-two week low of $2.56 and a fifty-two week high of $3.44.

Institutional Investors Weigh In On ARC Document Solutions

Several large investors have recently modified their holdings of the business. Wolverine Asset Management LLC acquired a new stake in shares of ARC Document Solutions in the 3rd quarter worth $539,000. Dimensional Fund Advisors LP grew its stake in ARC Document Solutions by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,550,606 shares of the business services provider’s stock valued at $4,094,000 after purchasing an additional 83,795 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in ARC Document Solutions by 62.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock worth $577,000 after buying an additional 83,708 shares during the period. Barclays PLC acquired a new stake in ARC Document Solutions during the 3rd quarter valued at approximately $282,000. Finally, Virtu Financial LLC purchased a new position in shares of ARC Document Solutions during the third quarter worth $199,000. 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.