StockNews.com Begins Coverage on American Shared Hospital Services (NYSEAMERICAN:AMS)

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

American Shared Hospital Services Price Performance

NYSEAMERICAN:AMS opened at $3.23 on Friday. The firm has a market capitalization of $20.54 million, a PE ratio of 4.97 and a beta of 0.67. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.37. American Shared Hospital Services has a 1 year low of $2.16 and a 1 year high of $4.60.

American Shared Hospital Services (NYSEAMERICAN:AMS) last announced 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. American Shared Hospital Services had a net margin of 18.41% and a return on equity of 5.39%. The firm had revenue of $7.06 million during the quarter, compared to analyst estimates of $6.15 million. Analysts forecast that American Shared Hospital Services will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMS. Dimensional Fund Advisors LP increased its holdings 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 buying an additional 8,436 shares in the last quarter. Renaissance Technologies LLC grew 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 worth $177,000 after acquiring an additional 13,201 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of American Shared Hospital Services during the first quarter worth $31,000. 23.16% of the stock is owned by institutional investors and hedge funds.

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.