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

Equities researchers at StockNews.com started coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a note issued to investors on Saturday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Price Performance

AMS stock opened at $3.23 on Friday. American Shared Hospital Services has a one year low of $2.16 and a one year high of $4.60. The stock has a market cap of $20.54 million, a price-to-earnings ratio of 4.97 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 (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 business had revenue of $7.06 million for the quarter, compared to the consensus estimate of $6.15 million. American Shared Hospital Services had a return on equity of 5.39% and a net margin of 18.41%. Equities research analysts expect that American Shared Hospital Services will post 0.73 earnings per share for the current year.

Institutional Investors Weigh In On American Shared Hospital Services

Large investors have recently bought and sold shares of the company. Empowered Funds LLC purchased a new stake in American Shared Hospital Services in the first quarter valued at $31,000. Dimensional Fund Advisors LP lifted its holdings in shares of American Shared Hospital Services by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 179,637 shares of the company’s stock valued at $574,000 after buying an additional 8,436 shares during the period. Finally, Renaissance Technologies LLC boosted its stake 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 worth $177,000 after buying an additional 13,201 shares during the last quarter. 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.