Stock News Buzz: AMERI Holdings (NASDAQ:AMRH)

AMERI Holdings (NASDAQ:AMRH) spotted trading -85.94% off 52-week high price. On the other end, the stock has been noted 133.33% away from the low price over the last 52-weeks. The stock changed 2.43% to recent value of $0.35. The stock transacted 2526832 shares during most recent day however it has an average volume of 3306.73K shares. The company has 49.14M of outstanding shares and 37.91M shares were floated in the market.

On June 24, 2019, AMERI Holdings (NASDAQ:AMRH) a specialized SAP® cloud, digital and enterprise solutions company, announced that it has signed a master services agreement (MSA) with a Japanese automotive tire and related products manufacturer with a substantial presence in the U.S. The MSA sets out the terms of engagement for all current and future work. Ameri100 will initially optimize and add functionality to the client’s SAP landscape and enhance their sales and distribution processes in their quest to improve customer sales. Terms of the agreement were not disclosed.

Brent Kelton, chief executive officer of Ameri100, stated, This was a competitive win for Ameri100 and one that reflects recent gains made in elevating our profile with large enterprises. Longer term, this MSA serves as a foundation from which we can serve as a strategic partner to this client, as we are already doing at many of our other existing SAP customers, in enabling its migration to an intelligent digital enterprise to support its growth goals.

About Ameri100

Ameri100 is a fast-growing specialized SAP® cloud, digital and enterprise solutions company which provides SAP® services to customers worldwide. Headquartered in Suwanee, Georgia, Ameri100 has offices in the U.S. and Canada. The Company also has global delivery centers in India. With its bespoke engagement model, the Company delivers transformational value to its clients across industry verticals. For further information, visit www.ameri100.com

According to the most recent quarter its current ratio was 0.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 8.84% from the mean of 20 days, 5.89% from mean of 50 days SMA and performed -27.69% from mean of 200 days price. Company’s performance for the week was 7.69%, 13.27% for month and YTD performance remained 100.69%.

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