ARI Network Services Inc. (NASDAQ:ARIS) was up 2.8% on Wednesday . The stock traded as high as $4.87 and last traded at $4.73, with a volume of 54,994 shares. The stock had previously closed at $4.60.

Separately, Zacks Investment Research raised shares of ARI Network Services from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a report on Thursday, June 16th.

The firm’s 50 day moving average price is $4.80 and its 200 day moving average price is $4.35. The firm has a market capitalization of $80.97 million and a P/E ratio of 52.1100.

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, 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, 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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