Ameri (AMRH) Stock Price Down 23.3%

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.

Ameri (NASDAQ:AMRH) last released its earnings results on Thursday, November 15th. The company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.03). The firm had revenue of $10.58 million during the quarter, compared to the consensus estimate of $12.01 million. Ameri had a net margin of 4.22% and a negative return on equity of 17.86%. Equities analysts anticipate that Ameri Holdings Inc will post -0.03 earnings per share for the current fiscal year.

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.

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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

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