Ameri (AMRH) Trading Down 8.8%

Ameri Holdings Inc (NASDAQ:AMRH) shares were down 8.8% during trading on Tuesday . The stock traded as low as $0.31 and last traded at $0.31. Approximately 2,410,300 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 2,777,992 shares. The stock had previously closed at $0.34.

Separately, Zacks Investment Research downgraded Ameri from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th.

The company has a market capitalization of $15.99 million, a P/E ratio of -0.46 and a beta of 2.09.

Ameri (NASDAQ:AMRH) last issued its earnings results on Tuesday, May 14th. The company reported ($0.04) EPS for the quarter. Ameri had a negative return on equity of 69.11% and a negative net margin of 39.29%. The company had revenue of $10.69 million during the quarter. On average, equities research analysts predict that Ameri Holdings Inc will post 0.17 earnings per share for the current year.

A hedge fund recently bought a new stake in Ameri stock. Bank of New York Mellon Corp bought a new position in Ameri Holdings Inc (NASDAQ:AMRH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 241,849 shares of the company’s stock, valued at approximately $42,000. Bank of New York Mellon Corp owned 0.61% of Ameri as of its most recent SEC filing. 1.19% of the stock is currently owned by institutional investors.

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About Ameri (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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