Ameri Holdings Inc (NASDAQ:AMRH) was down 23.3% during mid-day trading on Friday . The company traded as low as $0.22 and last traded at $0.23. Approximately 4,036,639 shares changed hands during mid-day trading, an increase of 98% from the average daily volume of 2,037,967 shares. The stock had previously closed at $0.30.
Separately, Zacks Investment Research upgraded Ameri from a “hold” rating to a “buy” rating and set a $0.25 price objective on the stock in a research report on Tuesday, November 20th.
The company has a market cap of $9.90 million, a P/E ratio of -0.31 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.82.
In related news, major shareholder Sikaria Family 2008 Revocable sold 100,000 shares of the stock in a transaction on Friday, November 16th. The stock was sold at an average price of $0.30, for a total value of $30,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 28.30% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: This news story was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://sportsperspectives.com/2019/01/11/ameri-amrh-stock-price-down-23-3.html.
Ameri Company Profile (NASDAQ:AMRH)
AMERI Holdings, Inc, through its subsidiaries, provides SAP cloud and digital enterprise services worldwide. The company offers cloud services, including public, private, and hybrid SAP cloud services, as well as SAP HANA cloud migration and cloud automation solutions. It also provides digital services, such as Simple Advance Planning and Optimization mobile solution, a mobile application that offers sales professionals with real-time collaboration capabilities and customer data on their mobile devices; SAP IBP mobile app, which enables the real-time management and analysis of sales and operations planning related data from mobile devices; and robotic process automation that leverages the capability of artificially intelligent software agents for business process automation, as well as for reporting and analysis, and deliver insights into business functions by translating large data into structured reports.
Further Reading: Market Capitalization and Individual Investors
Receive News & Ratings for Ameri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameri and related companies with MarketBeat.com's FREE daily email newsletter.