Ameri Holdings Inc (NASDAQ:AMRH) shares fell 7.4% during mid-day trading on Thursday . The stock traded as low as $0.24 and last traded at $0.25. 760,046 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 863,779 shares. The stock had previously closed at $0.27.
Separately, Zacks Investment Research raised Ameri from a “hold” rating to a “buy” rating and set a $0.25 target price for the company in a research report on Tuesday, November 20th.
The stock has a market capitalization of $10.69 million, a PE ratio of -0.35 and a beta of 1.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.04.
Ameri (NASDAQ:AMRH) last posted its quarterly earnings results on Thursday, November 15th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The company had revenue of $10.58 million during the quarter, compared to analysts’ expectations of $12.01 million. Ameri had a negative return on equity of 17.86% and a net margin of 4.22%. As a group, equities analysts anticipate that Ameri Holdings Inc will post -0.03 earnings per share for the current year.
In related news, major shareholder Sikaria Family 2008 Revocable sold 100,000 shares of the company’s stock in a transaction that occurred 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 filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 28.30% of the company’s stock.
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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.
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