Ameri (AMRH) Trading 7.7% Higher

Ameri Holdings Inc (NASDAQ:AMRH) shares traded up 7.7% during trading on Tuesday . The company traded as high as $0.29 and last traded at $0.28. 1,061,442 shares traded hands during trading, an increase of 31% from the average session volume of 807,507 shares. The stock had previously closed at $0.26.

Separately, Zacks Investment Research lowered Ameri from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th.

The firm has a market capitalization of $6.36 million, a P/E ratio of -0.38 and a beta of 1.46. 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 (NASDAQ:AMRH) last released its quarterly earnings data on Tuesday, August 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $11.08 million for the quarter, compared to analysts’ expectations of $12.88 million. Ameri had a negative return on equity of 45.71% and a negative net margin of 17.15%. On average, equities research analysts expect that Ameri Holdings Inc will post -0.26 EPS for the current fiscal year.

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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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