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

Separately, Zacks Investment Research downgraded ARI Network Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 2nd.

The company’s 50 day moving average price is $4.79 and its 200-day moving average price is $4.35. The company has a market capitalization of $77.00 million and a price-to-earnings ratio of 49.56.

ARI Network Services (NASDAQ:ARIS) last issued its quarterly earnings results on Thursday, June 9th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. The business earned $12 million during the quarter, compared to the consensus estimate of $11.82 million. Analysts expect 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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