ARI Network Services Inc. (NASDAQ:ARIS) shares were up 3.6% on Thursday . The stock traded as high as $4.75 and last traded at $4.61, with a volume of 124,977 shares traded. The stock had previously closed at $4.45.

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 note on Thursday, June 16th.

The stock has a market capitalization of $78.04 million and a P/E ratio of 50.22. The company’s 50 day moving average is $4.78 and its 200 day moving average is $4.32.

ARI Network Services (NASDAQ:ARIS) last announced its earnings results on Thursday, June 9th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The company earned $12 million during the quarter, compared to analysts’ expectations of $11.82 million. Analysts anticipate that ARI Network Services Inc. will post $0.10 earnings per share 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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