Ameri (AMRH) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Ameri (NASDAQ:AMRH) from a hold rating to a buy rating in a report released on Tuesday. They currently have $0.25 price objective on the stock.
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. “
Shares of AMRH stock opened at $0.27 on Tuesday. Ameri has a 1 year low of $0.23 and a 1 year high of $13.50. The firm has a market cap of $6.29 million, a P/E ratio of -0.36 and a beta of 1.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.82.
In related news, major shareholder Sikaria Family 2008 Revocable sold 100,000 shares of the business’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $0.30, for a total transaction of $30,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 28.30% of the company’s stock.
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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