Ameri (NASDAQ:AMRH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
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. “
Ameri stock opened at $1.13 on Tuesday. Ameri has a one year low of $0.70 and a one year high of $13.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a market cap of $29.74 million, a PE ratio of -1.51 and a beta of 0.12.
Ameri (NASDAQ:AMRH) last posted its quarterly earnings data on Tuesday, August 14th. The company reported ($0.06) EPS for the quarter, topping the Zacks’ 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 company had revenue of $11.08 million during the quarter, compared to the consensus estimate of $12.88 million. On average, sell-side analysts expect that Ameri will post -0.26 earnings per share for the current fiscal year.
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.
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