Ameri (AMRH) Shares Gap Up to $0.29

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Ameri Holdings Inc (NASDAQ:AMRH) gapped up before the market opened on Wednesday . The stock had previously closed at $0.17, but opened at $0.29. Ameri shares last traded at $0.32, with a volume of 11017958 shares traded.

Separately, Zacks Investment Research cut shares of Ameri from a “buy” rating to a “hold” rating in a research report on Monday, September 17th.

The company has a debt-to-equity ratio of 0.12, a current ratio of 0.38 and a quick ratio of 0.38.

Ameri (NASDAQ:AMRH) last announced its quarterly earnings results on Tuesday, August 14th. The company reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. Ameri had a negative net margin of 17.15% and a negative return on equity of 45.71%. The firm had revenue of $11.08 million for the quarter, compared to analyst estimates of $12.88 million. As a group, equities research analysts predict that Ameri Holdings Inc will post -0.26 earnings per share for the current year.

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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