ARI Network Services Inc. (ARIS) Shares Up 3%
ARI Network Services Inc. (NASDAQ:ARIS) shares shot up 3% on Friday . The stock traded as high as $5.10 and last traded at $5.10, with a volume of 101,620 shares traded. The stock had previously closed at $4.95.
Separately, Zacks Investment Research cut ARI Network Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th.
The company has a market capitalization of $88.05 million and a PE ratio of 56.67. The company’s 50-day moving average is $4.30 and its 200 day moving average is $4.18.
ARI Network Services (NASDAQ:ARIS) last announced its earnings results on Thursday, June 9th. The company reported $0.03 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. The company had revenue of $12 million for the quarter, compared to analyst estimates of $11.82 million. Equities analysts predict that ARI Network Services Inc. will post $0.10 EPS for the current fiscal year.
In related news, CEO Roy W. Olivier sold 7,998 shares of the business’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $4.35, for a total value of $34,791.30. Following the completion of the sale, the chief executive officer now directly owns 169,297 shares of the company’s stock, valued at approximately $736,441.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
A hedge fund recently raised its stake in ARI Network Services stock. Cowen Prime Services LLC boosted its position in shares of ARI Network Services Inc. (NASDAQ:ARIS) by 19.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,259,200 shares of the company’s stock after buying an additional 200,800 shares during the period. ARI Network Services comprises about 2.5% of Cowen Prime Services LLC’s holdings, making the stock its 10th largest position. Cowen Prime Services LLC owned approximately 7.33% of ARI Network Services worth $5,666,000 as of its most recent filing with the SEC.
ARI Network Services, Inc creates software-as-a-service (SaaS) and data-as-a-service (DaaS) solutions that help equipment manufacturers, distributors and dealers in selected vertical markets Sell More Stuff!- online and in-store. The Company’s solutions include Web Platform Solutions, eCatalog Platform Solutions and Lead Management Product.
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