ARI Network Services Inc. (ARIS) Trading Down 5.8%
ARI Network Services Inc. (NASDAQ:ARIS) fell 5.8% during mid-day trading on Monday . The company traded as low as $4.95 and last traded at $4.99, with a volume of 148,457 shares trading hands. The stock had previously closed at $5.30.
Separately, Zacks Investment Research lowered ARI Network Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th.
The stock’s 50 day moving average price is $4.49 and its 200 day moving average price is $4.21. The stock has a market cap of $86.15 million and a price-to-earnings ratio of 55.44.
ARI Network Services (NASDAQ:ARIS) last released its quarterly earnings data on Thursday, June 9th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The business earned $12 million during the quarter, compared to the consensus estimate of $11.82 million. On average, equities research analysts expect that ARI Network Services Inc. will post $0.10 earnings per share for the current year.
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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