Shares of ARI Network Services Inc. (NASDAQ:ARIS) traded down 5% during mid-day trading on Tuesday . The company traded as low as $4.77 and last traded at $4.79, with a volume of 104,416 shares traded. The stock had previously closed at $5.04.

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

The stock has a 50 day moving average price of $4.63 and a 200 day moving average price of $4.26. The company has a market capitalization of $82.70 million and a P/E ratio of 53.22.

ARI Network Services (NASDAQ:ARIS) last announced its earnings results on Thursday, June 9th. The company reported $0.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. The business had revenue of $12 million for the quarter, compared to analyst estimates of $11.82 million. 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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