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

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

American Shared Hospital Services Stock Performance

Shares of AMS stock opened at $3.13 on Friday. American Shared Hospital Services has a 52-week low of $2.16 and a 52-week 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. The stock has a market capitalization of $19.91 million, a P/E ratio of 4.82 and a beta of 0.67.

American Shared Hospital Services (NYSEAMERICAN:AMS) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.13 EPS for the quarter, topping 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 business had revenue of $7.06 million during the quarter, compared to analysts’ expectations of $6.15 million. As a group, equities research analysts anticipate that American Shared Hospital Services will post 0.73 EPS for the current year.

Institutional Trading of American Shared Hospital Services

Several hedge funds have recently modified their holdings of the business. Empowered Funds LLC acquired a new position in American Shared Hospital Services during the first quarter worth $31,000. Renaissance Technologies LLC raised its stake in shares of 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 buying an additional 13,201 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 worth $574,000 after buying an additional 8,436 shares in the last quarter. 23.16% of the stock is 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.