Shares of AMERI Holdings, Inc. (NASDAQ:AMRH) jumped 9.93% to reach at $0.33 during previous trading session. The company has experienced volume of 4,792,879 shares while on average the company has a capacity of trading 3.42M share.
AMERI Holdings, Inc. (AMRH) a specialized SAP cloud, digital and enterprise services company, is happy to declare that it has reached a planned partnership that combines its capabilities and expertise in cloud strategy, readiness, migration planning and delivery with the management consulting services of a leading business transformation and outsourcing advisory firm to deliver IT transformation services to enterprises.
To date Ameri100 has secured two engagements as a result of its new partnership and has recognized unrevealed revenue from each.
As an example of one of the two projects to date, Ameri100 will modernize, consolidate and migrate a mutual new client’s on-premises IT infrastructure to the cloud.
Ameri100’s scope of work includes assessing the client’s application architecture, managing the infrastructure transformation required to effect its migration to the cloud, and moving 350+ application to a cloud-based, Software as a Service (SaaS model). Ameri100 and its channel partner are presently pursuing similar projects with prospective enterprise clients.
“This partnership is an important milestone in our strategy to drive higher gross margin solutions services revenue through select partnerships that represent large addressable market opportunities,” said Brent Kelton, chief executive officer of Ameri100. “As cloud adoption grows, enterprises are interested in leveraging the cloud for not just new cloud-native applications, but also for legacy applications.
The demand for cloud IT is driven by mandates to lower IT costs, meet greater customer expectations, and gain faster data insights. Our growing reputation for delivering cloud projects that enable to enterprises to cost-effectively scale their IT infrastructure to support their growth plans makes us the ideal go-to-market partner.”
AMERI Holdings, Inc. (NASDAQ:AMRH) holds the market capitalization of $15.93M along with 52.29M outstanding shares. During the last trade, stock’s minimum price has been reached out at $0.29 while the maximum trading price moved at $0.35. Currently the stock price is moving 123.27% off from the highest level of twelve months and -86.55% above from twelve months low. AMERI Holdings, Inc. (NASDAQ:AMRH) marked 52-week highest price level of $2.49 on Apr 8, 2019 and 52-week lowest price level of $0.15 on Apr 9, 2019.
As of current trade, AMERI Holdings, Inc. (NASDAQ:AMRH) has shown weekly downbeat performance of -10.13%. Its six months performance indicated a bullish 21.23% movement while its yearly performance reflected a negative trend of -74.18%. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 74.69%. Shares of AMERI Holdings, Inc. (NASDAQ:AMRH) currently have an ABR of NA, derived from a total of NA opinions. The company’s price sits 1.45% above from its 50-day moving average of $0.3220 and -34.66% below from the stock’s 200-day moving average of $0.3003. The company has Relative Strength Index (RSI 14) of 53.77 along with Average True Range (ATR 14) of 0.04. Its weekly and monthly volatility is 7.88%, 15.24% respectively. The company’s beta value is at 1.98.
AMERI Holdings, Inc. currently has a PEG ratio of 0 where as its P/E ratio is 0. The company’s price to sales ratio for trailing twelve months is 0.37 and price to book ratio for most recent quarter is 1.22, whereas price to cash per share for the most recent quarter is 0. AMERI Holdings, Inc. (NASDAQ:AMRH)’s price to free cash flow for trailing twelve months is 0. Its quick ratio for most recent quarter is 0.80 along with current ratio for most recent quarter of 0.80. Total debt to equity ratio of the company for most recent quarter is 0.46 whereas long term debt to equity ratio for most recent quarter is 0.00. AMERI Holdings, Inc. (NASDAQ:AMRH) has a Return on Assets of -51.00%. The company currently has a Return on Equity of -109.90% and Return on Investment of -84.30%.