Ameri (AMRH) Shares Up 14.3%

Ameri Holdings Inc (NASDAQ:AMRH) shares shot up 14.3% on Tuesday . The company traded as high as $0.24 and last traded at $0.24. 1,072,224 shares were traded during mid-day trading, an increase of 54% from the average session volume of 696,985 shares. The stock had previously closed at $0.21.

Separately, Zacks Investment Research raised shares of Ameri from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Tuesday, September 25th.

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. The firm has a market cap of $8.71 million, a price-to-earnings ratio of -0.33 and a beta of 0.88.

Ameri (NASDAQ:AMRH) last released its quarterly earnings data on Thursday, November 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). Ameri had a negative return on equity of 17.86% and a net margin of 4.22%. The company had revenue of $10.58 million for the quarter, compared to analyst estimates of $12.01 million. On average, analysts predict that Ameri Holdings Inc will post -0.03 earnings per share for the current fiscal year.

In other news, major shareholder Sikaria Family 2008 Revocable sold 100,000 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 28.30% of the company’s stock.

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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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