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

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

American Shared Hospital Services Trading Up 1.6 %

Shares of NYSEAMERICAN AMS opened at $3.22 on Wednesday. The firm has a market capitalization of $20.48 million, a PE ratio of 4.95 and a beta of 0.67. American Shared Hospital Services has a 12-month low of $2.16 and a 12-month high of $4.60. 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 issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.06. The company 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, research analysts forecast 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

A number of hedge funds and other institutional investors have recently modified their holdings of AMS. Renaissance Technologies LLC increased its holdings in shares of American Shared Hospital Services by 31.2% in the 2nd 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 last quarter. Empowered Funds LLC acquired a new position in American Shared Hospital Services in the first quarter valued at approximately $31,000. Finally, Dimensional Fund Advisors LP increased 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 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.

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.