American Shared Hospital Services (NYSEAMERICAN:AMS) Research Coverage Started at StockNews.com

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

American Shared Hospital Services Trading Down 0.6 %

NYSEAMERICAN AMS opened at $3.24 on Tuesday. The stock has a market capitalization of $20.61 million, a price-to-earnings ratio of 4.98 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 has a 12 month low of $2.16 and a 12 month high of $4.60.

American Shared Hospital Services (NYSEAMERICAN:AMS) last posted its quarterly earnings data 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 during 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%. As a group, sell-side analysts anticipate that American Shared Hospital Services will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On American Shared Hospital Services

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake 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 purchasing an additional 8,436 shares during the last quarter. Renaissance Technologies LLC lifted its holdings 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 in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of American Shared Hospital Services in the first quarter valued at approximately $31,000. 23.16% of the stock is currently owned by institutional investors.

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.