American Shared Hospital Services (NYSEAMERICAN:AMS) Earns Hold Rating from Analysts at StockNews.com

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

American Shared Hospital Services Stock Performance

NYSEAMERICAN AMS opened at $3.02 on Tuesday. The company has a market cap of $19.22 million, a price-to-earnings ratio of 37.78 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.92 and a quick ratio of 1.92. 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 results on Wednesday, August 14th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.06. The business had revenue of $7.06 million during the quarter, compared to analysts’ expectations of $6.15 million. American Shared Hospital Services had a return on equity of 5.39% and a net margin of 18.41%. As a group, equities analysts anticipate that American Shared Hospital Services will post 0.29 EPS for the current year.

Institutional Investors Weigh In On American Shared Hospital Services

Institutional investors have recently modified their holdings of the stock. Empowered Funds LLC bought a new stake in shares of American Shared Hospital Services in the 1st quarter valued at approximately $31,000. Renaissance Technologies LLC lifted its stake 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 worth $177,000 after acquiring an additional 13,201 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of American Shared Hospital Services by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 179,637 shares of the company’s stock worth $574,000 after acquiring an additional 8,436 shares during the last quarter. 23.16% of the stock is owned by institutional investors.

American Shared Hospital Services Company Profile

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.