American Shared Hospital Services (NYSEAMERICAN:AMS) Issues Earnings Results

American Shared Hospital Services (NYSEAMERICAN:AMS) posted its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06, reports. 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 return on equity of 4.29% and a net margin of 2.50%.

American Shared Hospital Services Stock Performance

Shares of American Shared Hospital Services stock traded down $0.17 during midday trading on Friday, hitting $2.84. The company’s stock had a trading volume of 61,285 shares, compared to its average volume of 10,645. The stock has a market cap of $17.98 million, a PE ratio of 36.25 and a beta of 0.70. 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.

Analyst Ratings Changes

Separately, StockNews.com started coverage on American Shared Hospital Services in a research note on Sunday, August 11th. They set a “hold” rating for the company.

Institutional Trading of American Shared Hospital Services

Several hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC acquired a new stake in shares of American Shared Hospital Services in the first quarter valued at about $31,000. 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 last quarter. Finally, 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 last quarter. 23.16% of the stock is currently owned by hedge funds and other 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.