Ameri Holdings Inc’s (AMRH) Quiet Period To End Tomorrow

Ameri’s (NASDAQ:AMRH) quiet period is set to end on Wednesday, December 27th. Ameri had issued 1,475,000 shares in its initial public offering on November 17th. The total size of the offering was $6,077,000 based on an initial share price of $4.12. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Ameri (AMRH) opened at $2.75 on Tuesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.28. The stock has a market cap of $47.66, a price-to-earnings ratio of -5.00 and a beta of -1.07. Ameri has a twelve month low of $1.27 and a twelve month high of $9.00.

In other Ameri news, Director Jeffrey E. Eberwein bought 100,000 shares of Ameri stock in a transaction dated Friday, November 17th. The stock was acquired at an average cost of $4.12 per share, for a total transaction of $412,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Giri Devanur bought 12,121 shares of Ameri stock in a transaction dated Friday, November 17th. The stock was acquired at an average price of $4.12 per share, with a total value of $49,938.52. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 115,924 shares of company stock worth $486,658. Insiders own 86.20% of the company’s stock.

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About Ameri

AMERI Holdings, Inc, through its subsidiaries, provides SAP cloud and digital enterprise services. 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 SimpleAPO mobile application, a advance planning and optimization application that provides 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, which 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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