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

Analysts at StockNews.com assumed coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a report issued on Saturday. The brokerage set a “hold” rating on the stock.

American Shared Hospital Services Price Performance

Shares of AMS opened at $3.06 on Friday. American Shared Hospital Services has a 52-week low of $2.16 and a 52-week high of $4.60. The firm has a market cap of $19.46 million, a price-to-earnings ratio of 38.25 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.92 and a current ratio of 1.92.

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, beating the consensus estimate of $0.07 by $0.06. American Shared Hospital Services had a return on equity of 5.39% and a net margin of 18.41%. The firm had revenue of $7.06 million during the quarter, compared to analysts’ expectations of $6.15 million. As a group, analysts forecast that American Shared Hospital Services will post 0.73 EPS for the current year.

Institutional Investors Weigh In On American Shared Hospital Services

Several institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC purchased a new stake in shares of American Shared Hospital Services during the first quarter worth approximately $31,000. Dimensional Fund Advisors LP lifted its stake in 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 acquiring an additional 8,436 shares during the last quarter. Finally, Renaissance Technologies LLC grew 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 acquiring an additional 13,201 shares in the last quarter. Hedge funds and other institutional investors own 23.16% of the company’s stock.

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.