American Shared Hospital Services (NYSEAMERICAN:AMS) Coverage Initiated at StockNews.com

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

American Shared Hospital Services Stock Performance

AMS stock opened at $3.14 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.37. The company has a market cap of $19.97 million, a PE ratio of 4.85 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.

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 the consensus estimate of $0.07 by $0.06. The company 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, research analysts anticipate that American Shared Hospital Services will post 0.73 EPS for the current fiscal year.

Institutional Trading of American Shared Hospital Services

A number of hedge funds have recently made changes to their positions in AMS. Empowered Funds LLC purchased a new stake in shares of American Shared Hospital Services during the first quarter worth $31,000. Dimensional Fund Advisors LP raised its position in American Shared Hospital Services by 4.9% during the second 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 in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in 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 acquiring an additional 13,201 shares during the last quarter. 23.16% of the stock is owned by hedge funds and other 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.