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

Equities researchers at StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a report issued on Friday. The brokerage set a “hold” rating on the stock.

American Shared Hospital Services Stock Performance

NYSEAMERICAN AMS opened at $3.05 on Friday. 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 capitalization of $19.37 million, a price-to-earnings ratio of 5.08 and a beta of 0.67. American Shared Hospital Services has a 52 week low of $2.32 and a 52 week high of $4.60.

American Shared Hospital Services (NYSEAMERICAN:AMS) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.06. American Shared Hospital Services had a net margin of 15.74% and a return on equity of 4.13%. The firm had revenue of $7.06 million during the quarter, compared to the consensus estimate of $6.15 million. Analysts anticipate that American Shared Hospital Services will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On American Shared Hospital Services

A number of institutional investors and hedge funds have recently modified their holdings of AMS. Renaissance Technologies LLC boosted its position in shares of American Shared Hospital Services by 31.2% during the second quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock valued at $177,000 after buying an additional 13,201 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of American Shared Hospital Services in the 1st quarter worth approximately $31,000. Finally, Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 8,436 shares during the period. 23.16% of the stock is currently owned by 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.