ARI Network Services Inc. (ARIS) Sees Large Volume Increase
Shares of ARI Network Services Inc. (NASDAQ:ARIS) saw unusually-high trading volume on Monday . Approximately 137,538 shares traded hands during trading, an increase of 42% from the previous session’s volume of 97,055 shares.The stock last traded at $4.35 and had previously closed at $4.26.
Separately, Zacks Investment Research upgraded ARI Network Services from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research report on Thursday, June 16th.
The firm’s 50 day moving average price is $4.73 and its 200-day moving average price is $4.31. The firm has a market capitalization of $75.79 million and a PE ratio of 48.78.
ARI Network Services (NASDAQ:ARIS) last announced its quarterly earnings results on Thursday, June 9th. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $12 million for the quarter, compared to analyst estimates of $11.82 million. Equities analysts anticipate 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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