ARI Network Services, Inc. (NASDAQ:ARIS) traded down 3.7% during mid-day trading on Friday . The company traded as low as $4.28 and last traded at $4.46, with a volume of 69,140 shares. The stock had previously closed at $4.63.

Separately, Zacks Investment Research downgraded ARI Network Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th.

The company has a market cap of $77.00 million and a price-to-earnings ratio of 49.56. The stock has a 50 day moving average price of $4.79 and a 200 day moving average price of $4.35.

ARI Network Services (NASDAQ:ARIS) last posted its earnings results on Thursday, June 9th. The company reported $0.03 EPS for the quarter, hitting the Thomson Reuters’ 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, analysts forecast 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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