Ameri Holdings Inc’s (AMRH) Quiet Period Set To Expire on December 27th

Ameri’s (NASDAQ:AMRH) quiet period will end on Wednesday, December 27th. Ameri had issued 1,475,000 shares in its public offering on November 17th. The total size of the offering was $6,077,000 based on an initial share price of $4.12. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Shares of Ameri (NASDAQ AMRH) traded down $0.78 during midday trading on Friday, reaching $4.12. 724,922 shares of the company’s stock were exchanged, compared to its average volume of 822,549. Ameri has a 52 week low of $1.27 and a 52 week high of $13.50. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.28. The firm has a market cap of $84.92, a P/E ratio of -6.24 and a beta of -0.93.

In other news, Director Jeffrey E. Eberwein acquired 100,000 shares of Ameri stock in a transaction on Friday, November 17th. The stock was bought at an average cost of $4.12 per share, with a total value of $412,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Giri Devanur acquired 12,121 shares of Ameri stock in a transaction on Friday, November 17th. The shares were purchased at an average cost of $4.12 per share, with a total value of $49,938.52. The disclosure for this purchase can be found here. Insiders acquired a total of 115,924 shares of company stock valued at $486,658 over the last three months. 86.20% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Ameri Holdings Inc’s (AMRH) Quiet Period Set To Expire on December 27th” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/01/13/spatializer-audio-laboratories-inc-s-quiet-period-will-expire-on-december-27th-nasdaqamrh.html.

About Ameri

AMERI Holdings, Inc, through its subsidiaries, provides SAP cloud and digital enterprise services. 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 SimpleAPO mobile application, a advance planning and optimization application that provides 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, which 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.

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.

Leave a Reply