American Shared Hospital Services (NYSEAMERICAN:AMS) Now Covered by StockNews.com

Research analysts at StockNews.com began coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report issued on Saturday. The brokerage set a “hold” rating on the stock.

American Shared Hospital Services Stock Performance

NYSEAMERICAN AMS opened at $2.84 on Friday. The stock has a market capitalization of $17.98 million, a PE ratio of 35.50 and a beta of 0.70. American Shared Hospital Services has a 12 month low of $2.16 and a 12 month high of $3.69. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.49.

American Shared Hospital Services (NYSEAMERICAN:AMS) last posted its quarterly 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. American Shared Hospital Services had a net margin of 2.50% and a return on equity of 4.29%. The firm had revenue of $7.06 million during the quarter, compared to the consensus estimate of $6.15 million. As a group, equities research analysts expect that American Shared Hospital Services will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On American Shared Hospital Services

A number of hedge funds and other institutional investors have recently bought and sold shares of AMS. Empowered Funds LLC purchased a new stake in shares of American Shared Hospital Services during the first quarter valued at $31,000. 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 purchasing an additional 8,436 shares during the period. Finally, Renaissance Technologies LLC increased 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 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.