StockNews.com Initiates Coverage on American Shared Hospital Services (NYSEAMERICAN:AMS)

StockNews.com began coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report released on Thursday. The firm issued a hold rating on the stock.

American Shared Hospital Services Trading Up 0.6 %

Shares of American Shared Hospital Services stock opened at $3.12 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.37. The stock has a market cap of $19.84 million, a price-to-earnings ratio of 39.00 and a beta of 0.70. American Shared Hospital Services has a 1 year low of $2.16 and a 1 year high of $4.60.

American Shared Hospital Services (NYSEAMERICAN:AMS) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $7.06 million for the quarter, compared to the consensus estimate of $6.15 million. American Shared Hospital Services had a net margin of 18.41% and a return on equity of 5.39%. Equities analysts expect that American Shared Hospital Services will post 0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On American Shared Hospital Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new stake in American Shared Hospital Services in the first quarter valued at approximately $31,000. Renaissance Technologies LLC lifted its holdings in shares of American Shared Hospital Services by 31.2% during the 2nd quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock valued at $177,000 after purchasing an additional 13,201 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of American Shared Hospital Services by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 179,637 shares of the company’s stock worth $574,000 after purchasing an additional 8,436 shares in the last quarter. Hedge funds and other institutional investors own 23.16% of the company’s stock.

About American Shared Hospital Services

American Shared Hospital Services provides stereotactic radiosurgery and advanced radiation therapy equipment. It operates in two segments, Medical Equipment Leasing, and Retail. The company offers radiosurgery equipment for the Gamma Knife stereotactic radiosurgery, a non-invasive procedure to treat malignant and benign brain tumors, and arteriovenous malformations, as well as for trigeminal neuralgia.