Ameri (NASDAQ:AMRH) Announces Quarterly Earnings Results

Ameri (NASDAQ:AMRH) posted its earnings results on Wednesday. The company reported ($0.03) EPS for the quarter, Bloomberg Earnings reports. The company had revenue of $11.02 million for the quarter. Ameri had a negative return on equity of 78.62% and a negative net margin of 40.32%.

Ameri stock traded down $0.01 during midday trading on Thursday, hitting $0.26. 21,148 shares of the company were exchanged, compared to its average volume of 1,262,387. The company has a market cap of $16.27 million, a price-to-earnings ratio of -0.41 and a beta of 1.88. Ameri has a fifty-two week low of $0.15 and a fifty-two week high of $1.80. The stock’s fifty day simple moving average is $0.33.

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in Ameri during the fourth quarter worth approximately $42,000. Jane Street Group LLC purchased a new position in Ameri during the second quarter worth approximately $43,000. Finally, Vanguard Group Inc. boosted its position in Ameri by 819.5% during the second quarter. Vanguard Group Inc. now owns 171,243 shares of the company’s stock worth $60,000 after purchasing an additional 152,619 shares in the last quarter. 0.46% of the stock is currently owned by hedge funds and other institutional investors.

Ameri Company Profile

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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Earnings History for Ameri (NASDAQ:AMRH)

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