Shares of Ameri Holdings Inc (NASDAQ:AMRH) fell 23.3% on Friday . The company traded as low as $0.22 and last traded at $0.23. 4,036,639 shares changed hands during trading, an increase of 98% from the average session volume of 2,037,967 shares. The stock had previously closed at $0.30.

Separately, Zacks Investment Research lowered shares of Ameri from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th.

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $9.90 million, a P/E ratio of -0.31 and a beta of 0.88.

Ameri (NASDAQ:AMRH) last issued its quarterly earnings data on Thursday, November 15th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.03). Ameri had a negative return on equity of 17.86% and a net margin of 4.22%. The company had revenue of $10.58 million during the quarter, compared to analysts’ expectations of $12.01 million. Analysts forecast that Ameri Holdings Inc will post -0.03 EPS for the current fiscal year.

In other Ameri news, major shareholder Sikaria Family 2008 Revocable sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $0.30, for a total value of $30,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 28.30% of the company’s stock.

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About Ameri (NASDAQ:AMRH)

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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