Ameri Holdings Inc (NASDAQ:AMRH) shares were up 7.7% during mid-day trading on Monday . The company traded as high as $0.29 and last traded at $0.28. Approximately 1,915,280 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 1,621,914 shares. The stock had previously closed at $0.26.
Separately, Zacks Investment Research cut shares of Ameri from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th.
The company has a market capitalization of $10.30 million, a P/E ratio of -0.37 and a beta of 1.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.82.
Ameri (NASDAQ:AMRH) last released its earnings results on Thursday, November 15th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The company had revenue of $10.58 million during the quarter, compared to analyst estimates of $12.01 million. Ameri had a negative return on equity of 17.86% and a net margin of 4.22%. On average, research analysts expect that Ameri Holdings Inc will post -0.03 EPS for the current year.
In related news, major shareholder Sikaria Family 2008 Revocable sold 100,000 shares of Ameri stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $0.30, for a total value of $30,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 28.30% of the stock is owned by company insiders.
A hedge fund recently bought a new stake in Ameri stock. Bank of New York Mellon Corp acquired a new stake in shares of Ameri Holdings Inc (NASDAQ:AMRH) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 241,849 shares of the company’s stock, valued at approximately $42,000. Bank of New York Mellon Corp owned 0.61% of Ameri at the end of the most recent quarter. 3.56% of the stock is currently owned by institutional investors and hedge funds.
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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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