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

Equities research analysts at StockNews.com initiated 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

AMS opened at $3.06 on Friday. The firm has a market capitalization of $19.46 million, a P/E ratio of 38.25 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 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 issued its earnings results on Wednesday, August 14th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $7.06 million for 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, research analysts predict that American Shared Hospital Services will post 0.73 earnings per share for the current year.

Institutional Investors Weigh In On American Shared Hospital Services

Large investors have recently modified their holdings of the company. Empowered Funds LLC purchased a new position in American Shared Hospital Services during the first quarter valued at approximately $31,000. Dimensional Fund Advisors LP raised its holdings in American Shared Hospital Services by 4.9% during the 2nd 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 during the last quarter. Finally, Renaissance Technologies LLC raised 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 valued at $177,000 after buying an additional 13,201 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.