Ameri (AMRH) Shares Down 6.5%

Ameri Holdings Inc (NASDAQ:AMRH) shares fell 6.5% during trading on Thursday . The stock traded as low as $0.28 and last traded at $0.29. 982,408 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 2,704,601 shares. The stock had previously closed at $0.31.

The firm has a market cap of $15.55 million, a P/E ratio of -0.43 and a beta of 2.09.

Ameri (NASDAQ:AMRH) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($0.04) EPS for the quarter. Ameri had a negative net margin of 40.32% and a negative return on equity of 78.62%. The firm had revenue of $10.69 million during the quarter. As a group, equities research analysts predict that Ameri Holdings Inc will post 0.17 EPS for the current fiscal year.

An institutional investor recently bought a new position in Ameri stock. Bank of New York Mellon Corp purchased a new stake in Ameri Holdings Inc (NASDAQ:AMRH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 241,849 shares of the company’s stock, valued at approximately $42,000. Bank of New York Mellon Corp owned 0.61% of Ameri at the end of the most recent reporting period. 0.52% of the stock is currently owned by hedge funds and other institutional investors.

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Ameri Company Profile (NASDAQ:AMRH)

Ameri Holdings, Inc specializes in delivering SAP cloud, digital and enterprise services to clients worldwide. Its services center around SAP and include technology consulting, business intelligence, cloud services, application development/integration and maintenance, implementation services, infrastructure services, and independent validation services, all of which can be delivered as a set of managed services or on an on-demand service basis, or a combination of both.

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