American Shared Hospital Services (NYSEAMERICAN:AMS) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a report published on Tuesday. The firm issued a hold rating on the stock.

American Shared Hospital Services Stock Performance

Shares of AMS opened at $3.23 on Tuesday. The firm has a market capitalization of $20.51 million, a PE ratio of 4.96 and a beta of 0.67. American Shared Hospital Services has a twelve month low of $2.16 and a twelve month high of $4.60. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.37.

American Shared Hospital Services (NYSEAMERICAN:AMS) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $7.06 million during the quarter, compared to the consensus estimate of $6.15 million. American Shared Hospital Services had a return on equity of 5.39% and a net margin of 18.41%. Sell-side analysts anticipate that American Shared Hospital Services will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Shared Hospital Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its holdings in shares of American Shared Hospital Services by 31.2% in the second quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock valued at $177,000 after acquiring an additional 13,201 shares during the period. Empowered Funds LLC purchased a new stake in American Shared Hospital Services in the 1st quarter valued at $31,000. Finally, Dimensional Fund Advisors LP raised its position in 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 valued at $574,000 after purchasing an additional 8,436 shares during the last quarter. 23.16% of the stock is currently owned by institutional investors and hedge funds.

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.