American Shared Hospital Services (NYSEAMERICAN:AMS) Receives New Coverage from Analysts at StockNews.com

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

American Shared Hospital Services Stock Performance

Shares of AMS stock opened at $3.14 on Friday. 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 has a one year low of $2.16 and a one year high of $4.60. The firm has a market cap of $19.97 million, a PE ratio of 39.25 and a beta of 0.67.

American Shared Hospital Services (NYSEAMERICAN:AMS) last announced its earnings results on Wednesday, August 14th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.06. The company had revenue of $7.06 million during the quarter, compared to the consensus estimate of $6.15 million. American Shared Hospital Services had a net margin of 18.41% and a return on equity of 5.39%. Equities research analysts predict that American Shared Hospital Services will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Empowered Funds LLC purchased a new position in American Shared Hospital Services in the first quarter valued at $31,000. Dimensional Fund Advisors LP grew its position 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 purchasing an additional 8,436 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of American Shared Hospital Services by 31.2% in the second quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock valued at $177,000 after purchasing an additional 13,201 shares during the period. Hedge funds and other institutional investors 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.