ARI Network Services Inc. (ARIS) Sees Large Volume Increase
Shares of ARI Network Services Inc. (NASDAQ:ARIS) saw unusually-strong trading volume on Monday . Approximately 137,538 shares traded hands during mid-day 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 cut ARI Network Services from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 2nd.
The stock has a market cap of $76.14 million and a PE ratio of 48.9989. The firm has a 50-day moving average of $4.74 and a 200-day moving average of $4.32.
ARI Network Services (NASDAQ:ARIS) last announced its quarterly earnings data on Thursday, June 9th. The company reported $0.03 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.03. The firm earned $12 million during the quarter, compared to analyst estimates of $11.82 million. On average, equities 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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