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

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

American Shared Hospital Services Stock Down 0.7 %

NYSEAMERICAN AMS opened at $3.03 on Friday. American Shared Hospital Services has a one year low of $2.16 and a one year high of $4.60. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.37. The company has a market cap of $19.27 million, a P/E ratio of 37.88 and a beta of 0.67.

American Shared Hospital Services (NYSEAMERICAN:AMS) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 18.41% and a return on equity of 5.39%. On average, equities analysts predict that American Shared Hospital Services will post 0.29 EPS for the current year.

Institutional Investors Weigh In On American Shared Hospital Services

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake 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 valued at $574,000 after buying an additional 8,436 shares in the last quarter. Empowered Funds LLC acquired a new position in American Shared Hospital Services during the 1st quarter valued at about $31,000. Finally, Renaissance Technologies LLC increased its holdings in 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 purchasing an additional 13,201 shares in the last quarter. Institutional investors and hedge funds 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.