ARI Network Services Inc. (NASDAQ:ARIS)’s share price was up 3.6% during mid-day trading on Thursday . The stock traded as high as $4.75 and last traded at $4.61, with a volume of 124,977 shares changing hands. The stock had previously closed at $4.45.

Separately, Zacks Investment Research raised 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 firm has a 50-day moving average price of $4.77 and a 200 day moving average price of $4.32. The stock has a market cap of $79.94 million and a P/E ratio of 51.44.

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 consensus estimate of $0.03. The firm had revenue of $12 million for the quarter, compared to the consensus estimate of $11.82 million. On average, equities research 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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