ARI Network Services Inc. (NASDAQ:ARIS) traded down 3.6% on Friday . The stock traded as low as $4.21 and last traded at $4.25, with a volume of 57,200 shares traded. The stock had previously closed at $4.41.

Separately, Zacks Investment Research lowered ARI Network Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 2nd.

The firm has a market cap of $73.55 million and a price-to-earnings ratio of 47.33. The firm has a 50 day moving average of $4.72 and a 200 day moving average of $4.30.

ARI Network Services (NASDAQ:ARIS) last released its earnings results on Thursday, June 9th. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. The business earned $12 million during the quarter, compared to analyst estimates of $11.82 million. On average, equities research analysts forecast that ARI Network Services Inc. will post $0.10 earnings per share for the current fiscal 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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