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September 27, 2020

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Stock News Buzz: AMERI Holdings, Inc. (NASDAQ:AMRH)

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AMERI Holdings, Inc. (NASDAQ:AMRH) stock observed trading -85.82% off 52-week high price. On the other end, the stock has been noted 135.33% away from low price over the last 52-weeks. The stock disclosed a move of 7.12% away from 50 day moving average and -18.06% away from 200 day moving average. Moving closer, we can see that shares have been trading 3.83% off 20-day moving average. It has market cap of $17.35M .

AMERI Holdings, Inc. (NASDAQ:AMRH), a specialized SAP® cloud, digital and enterprise solutions company, revealed that it has entered into a partnership with Inpedio, an Israeli cybersecurity company, that leverages Ameri100 sales and enterprise delivery teams to offer Inpedio cybersecurity technologies to Ameri100’s customer base in the U.S. through an exclusive cooperation agreement. The partnership furthers Ameri100’s solutions sales strategy by addressing the cybersecurity needs of its SAP enterprise customers.

Uri Brison, CEO of Inpedio said “We are excited about the partnership with Ameri100, both in establishing enterprise sales in the United States and extending our technology to the SAP landscape”. “Our expertise is on advanced technology for endpoint security, including zero-day and one-day threat vectors. These threat vectors are not protected by traditional, signature-based anti-virus technologies, and behavior-based cybersecurity tools lead to significant false positives and use of system resources. Our expertise includes protection from exploits and ransomware, such as WannaCry, 10KBLAZE, and the recent attacks on government systems. As an illustration of our technology, we were able to implement our “Kill Switch” technology to protect against the CVE 2018-8440 exploit before the release of a Microsoft Windows patch or anti-virus update. We look forward to bringing this same level of expertise and diligence to the SAP landscape through Ameri100.”

Ameri100 is planning on extending its IT solutions offerings to include remediation and cyber forensic services for customers who have already experienced damage from cybersecurity failures. Ameri100’s digital innovation team is building IP to apply Inpedio’s technology to the SAP landscape, including an extension to Linux servers.

Initial validation is currently underway with large customers and a leading enterprise infrastructure managed service provider. Validation includes implementing a secure testing environment and demonstration of protection from active threat vectors. Inpedio’s technology is GDPR compliant, thereby ensuring that no data leaves the customers’ systems.

Brent Kelton, CEO of Ameri100, told, “The need for SAP-focused cybersecurity tools and services has gained prominence following the recent identification of 10KBLAZE. Through our partnership with Inpedio, we establish a greenfield opportunity with a cutting-edge cybersecurity provider while also extending our solutions offering and deepening our relationships with our enterprise customers.”

The USA based company AMERI Holdings moved with change of -1.81% to $0.35 with the total traded volume of 1880152 shares in recent session versus to an average volume of 2912.69K. The stock was observed in the 5 days activity at 0.83%. The one month performance of stock was 4.13%. AMRH’s shares are at 0.86% for the quarter and driving a -69.30% return over the course of the past year and is now at 102.41% since this point in 2018.  Right now the stock beta is 1.96. The average volatility for the week and month was at 5.50% and 8.90% respectively. There are 49.14M shares outstanding and 37.91M shares are floated in market.