Ameri (NASDAQ:AMRH) issued its earnings results on Wednesday. The company reported ($0.03) EPS for the quarter, Bloomberg Earnings reports. Ameri had a negative net margin of 40.32% and a negative return on equity of 78.62%. The firm had revenue of $11.02 million during the quarter.
Shares of Ameri stock traded down $0.01 during trading on Thursday, reaching $0.27. The company’s stock had a trading volume of 21,748 shares, compared to its average volume of 1,262,387. The stock has a 50-day moving average of $0.33. Ameri has a one year low of $0.15 and a one year high of $1.80. The firm has a market capitalization of $16.27 million, a PE ratio of -0.41 and a beta of 1.88.
Several institutional investors have recently added to or reduced their stakes in AMRH. Bank of New York Mellon Corp bought a new position in shares of Ameri in the fourth quarter valued at about $42,000. Jane Street Group LLC bought a new position in shares of Ameri in the second quarter valued at about $43,000. Finally, Vanguard Group Inc. raised its holdings in shares of Ameri by 819.5% in the second quarter. Vanguard Group Inc. now owns 171,243 shares of the company’s stock valued at $60,000 after buying an additional 152,619 shares during the last quarter. 0.46% of the stock is owned by institutional investors and hedge funds.
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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