Ameri (NASDAQ:AMRH) Shares Gap Down to $0.27

Ameri Holdings Inc (NASDAQ:AMRH) gapped down before the market opened on Thursday . The stock had previously closed at $0.25, but opened at $0.27. Ameri shares last traded at $0.26, with a volume of 20,248 shares traded.

The stock has a market cap of $16.27 million, a P/E ratio of -0.39 and a beta of 1.88. The firm’s 50 day moving average is $0.33 and its 200 day moving average is $0.33.

Ameri (NASDAQ:AMRH) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $11.02 million for the quarter. Ameri had a negative return on equity of 78.62% and a negative net margin of 40.32%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC bought a new position in shares of Ameri during the 2nd quarter worth approximately $43,000. Vanguard Group Inc. raised its stake in shares of Ameri by 819.5% during the 2nd quarter. Vanguard Group Inc. now owns 171,243 shares of the company’s stock worth $60,000 after acquiring an additional 152,619 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Ameri during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 0.46% of the company’s stock.

Ameri Company Profile (NASDAQ:AMRH)

Ameri Holdings, Inc specializes in delivering SAP cloud, digital and enterprise services to clients worldwide. Its services center around SAP and include technology consulting, business intelligence, cloud services, application development/integration and maintenance, implementation services, infrastructure services, and independent validation services, all of which can be delivered as a set of managed services or on an on-demand service basis, or a combination of both.

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