ARI Network Services Inc. (NASDAQ:ARIS)’s share price shot up 2.8% during trading on Wednesday . The company traded as high as $4.87 and last traded at $4.73, with a volume of 54,994 shares traded. The stock had previously closed at $4.60.

Separately, Zacks Investment Research downgraded shares of ARI Network Services from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th.

The firm’s 50 day moving average price is $4.79 and its 200 day moving average price is $4.35. The company has a market capitalization of $81.84 million and a price-to-earnings ratio of 52.67.

ARI Network Services (NASDAQ:ARIS) last posted its quarterly earnings results on Thursday, June 9th. The company reported $0.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.03. The company had revenue of $12 million for the quarter, compared to analyst estimates of $11.82 million. On average, equities analysts anticipate that ARI Network Services Inc. will post $0.10 EPS 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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