Ameri (AMRH) Stock Rating Lowered by Zacks Investment Research

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Ameri (NASDAQ:AMRH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday, September 17th.

According to Zacks, “Ameri Holdings, Inc. provides technology management solutions services. It services include SAP cloud, digital and enterprise services. Digital services include hybris e-commerce, analytics, big data, AI, IOT and software robotic process automation. Enterprise services offers designs, implements and manages Business Intelligence and analytics solutions. It also provides solutions for metadata repository, master data management and data quality. Ameri Holdings, Inc. is headquartered in Princeton, NJ. “

NASDAQ:AMRH traded up $0.05 during mid-day trading on Monday, hitting $1.19. The company had a trading volume of 51,252 shares, compared to its average volume of 504,345. Ameri has a fifty-two week low of $0.70 and a fifty-two week high of $13.50. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $29.74 million, a price-to-earnings ratio of -1.59 and a beta of 0.12.

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

In related news, major shareholder Giri Devanur sold 429,357 shares of the stock in a transaction dated Tuesday, July 17th. The stock was sold at an average price of $2.07, for a total transaction of $888,768.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 28.30% of the stock is currently owned by company insiders.

Ameri Company Profile

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.

Further Reading: Stock Symbol

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