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

Investment analysts at StockNews.com assumed coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report issued on Sunday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Stock Down 1.9 %

Shares of NYSEAMERICAN AMS opened at $3.08 on Friday. The firm has a market capitalization of $19.59 million, a price-to-earnings ratio of 4.74 and a beta of 0.67. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.37. American Shared Hospital Services has a fifty-two week low of $2.16 and a fifty-two week high of $4.60.

American Shared Hospital Services (NYSEAMERICAN:AMS) last announced its quarterly earnings data 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%. As a group, equities 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 added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its position 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 purchasing an additional 13,201 shares during the last quarter. Empowered Funds LLC bought a new position in American Shared Hospital Services in the 1st quarter valued at approximately $31,000. Finally, Dimensional Fund Advisors LP boosted its position in 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 worth $574,000 after buying an additional 8,436 shares during the period. Institutional investors and hedge funds 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.