Zacks Investment Research lowered shares of Ameri (NASDAQ:AMRH) from a buy rating to a hold rating in a research note issued to investors on Tuesday.
According to Zacks, “Ameri Holdings, Inc. provides technology management solutions services. It services include SAP cloud, digital and enterprise services. Digital services include hybris e-commerce, analytics, big data, AI, IOT and software robotic process automation. Enterprise services offers designs, implements and manages Business Intelligence and analytics solutions. It also provides solutions for metadata repository, master data management and data quality. Ameri Holdings, Inc. is headquartered in Princeton, NJ. “
AMRH stock opened at $1.11 on Tuesday. The company has a market capitalization of $25.85 million, a P/E ratio of -1.48 and a beta of 0.11. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.12. Ameri has a 52 week low of $0.70 and a 52 week high of $13.50.
Ameri (NASDAQ:AMRH) last released its earnings results on Tuesday, August 14th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $11.08 million during the quarter, compared to analysts’ expectations of $12.88 million. Ameri had a negative net margin of 17.15% and a negative return on equity of 45.71%. As a group, equities research analysts forecast that Ameri will post -0.26 EPS for the current fiscal year.
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.
See Also: What factors cause inflation to rise?
Get a free copy of the Zacks research report on Ameri (AMRH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.