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

Separately, Zacks Investment Research upgraded shares of ARI Network Services from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a research note on Thursday, June 16th.

The stock has a market capitalization of $73.55 million and a price-to-earnings ratio of 47.33. The firm’s 50 day moving average is $4.72 and its 200-day moving average is $4.30.

ARI Network Services (NASDAQ:ARIS) last released its quarterly earnings data on Thursday, June 9th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The firm earned $12 million during the quarter, compared to analyst estimates of $11.82 million. On average, analysts predict that ARI Network Services Inc. will post $0.10 EPS 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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