American Shared Hospital Services (NYSEAMERICAN:AMS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research note issued to investors on Thursday. The firm issued a hold rating on the stock.

American Shared Hospital Services Stock Performance

Shares of NYSEAMERICAN AMS opened at $3.18 on Thursday. The company has a market capitalization of $20.25 million, a PE ratio of 4.90 and a beta of 0.67. American Shared Hospital Services has a 52-week low of $2.16 and a 52-week high of $4.60. 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 (NYSEAMERICAN:AMS) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $7.06 million for the quarter, compared to the consensus estimate of $6.15 million. American Shared Hospital Services had a net margin of 18.41% and a return on equity of 5.39%. On average, analysts predict that American Shared Hospital Services will post 0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC acquired a new position in shares of American Shared Hospital Services during the 1st quarter valued at $31,000. Renaissance Technologies LLC lifted its position in shares of American Shared Hospital Services by 31.2% during the 2nd quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock valued at $177,000 after acquiring an additional 13,201 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 8,436 shares during the period. Institutional investors and hedge funds own 23.16% of the company’s stock.

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.