Ameri Holdings Inc (NASDAQ:AMRH)’s share price traded down 9.1% during trading on Tuesday . The stock traded as low as $0.19 and last traded at $0.20. 683,588 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 849,665 shares. The stock had previously closed at $0.22.
Separately, Zacks Investment Research lowered Ameri from a “buy” rating to a “hold” rating in a research note on Monday, September 17th.
The company has a market cap of $8.77 million, a P/E ratio of -0.27 and a beta of 1.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.04.
In related news, major shareholder Sikaria Family 2008 Revocable sold 100,000 shares of the company’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $0.30, for a total value of $30,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 28.30% of the company’s stock.
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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