American Shared Hospital Services (NYSEAMERICAN:AMS) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

American Shared Hospital Services Stock Performance

NYSEAMERICAN:AMS opened at $3.03 on Monday. The firm has a market cap of $19.27 million, a price-to-earnings ratio of 37.88 and a beta of 0.67. American Shared Hospital Services has a 1 year low of $2.16 and a 1 year 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 posted its earnings results on Wednesday, August 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 5.39% and a net margin of 18.41%. On average, analysts expect that American Shared Hospital Services will post 0.29 EPS for the current year.

Institutional Investors Weigh In On American Shared Hospital Services

A number of institutional investors and hedge funds have recently made changes to their positions in AMS. Empowered Funds LLC purchased a new stake in shares of American Shared Hospital Services in the first quarter worth $31,000. Dimensional Fund Advisors LP raised its position in shares of American Shared Hospital Services by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 179,637 shares of the company’s stock worth $574,000 after buying an additional 8,436 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position 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 worth $177,000 after buying an additional 13,201 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.