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

StockNews.com started coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report sent to investors on Monday morning. The brokerage issued a hold rating on the stock.

American Shared Hospital Services Stock Up 1.6 %

Shares of NYSEAMERICAN AMS opened at $3.01 on Monday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.49. American Shared Hospital Services has a 1-year low of $2.16 and a 1-year high of $3.69. The stock has a market capitalization of $19.05 million, a PE ratio of 37.63 and a beta of 0.70.

American Shared Hospital Services (NYSEAMERICAN:AMS) last announced its earnings results on Tuesday, May 14th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). American Shared Hospital Services had a net margin of 2.50% and a return on equity of 4.29%. The business had revenue of $5.22 million for the quarter, compared to analyst estimates of $5.01 million. Analysts anticipate that American Shared Hospital Services will post 0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On American Shared Hospital Services

A hedge fund recently bought a new stake in American Shared Hospital Services stock. Empowered Funds LLC bought a new position in American Shared Hospital Services (NYSEAMERICAN:AMS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,468 shares of the company’s stock, valued at approximately $31,000. Empowered Funds LLC owned about 0.17% of American Shared Hospital Services at the end of the most recent quarter. 23.16% of the stock is owned by institutional investors.

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.