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

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

American Shared Hospital Services Price Performance

Shares of AMS stock opened at $2.99 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.49. The stock has a market cap of $18.93 million, a P/E ratio of 37.38 and a beta of 0.70. American Shared Hospital Services has a one year low of $2.16 and a one year high of $3.69.

American Shared Hospital Services (NYSEAMERICAN:AMS) last issued its earnings results on Wednesday, August 14th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.07 by $0.06. American Shared Hospital Services had a return on equity of 4.29% and a net margin of 2.50%. The business had revenue of $7.06 million for the quarter, compared to the consensus estimate of $6.15 million. Analysts predict that American Shared Hospital Services will post 0.29 earnings per share for the current year.

Hedge Funds Weigh In On American Shared Hospital Services

Several institutional investors have recently made changes to their positions in AMS. Empowered Funds LLC purchased a new stake in American Shared Hospital Services in the first quarter worth about $31,000. Renaissance Technologies LLC grew its stake 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 increased its holdings in 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 worth $574,000 after acquiring an additional 8,436 shares in the last quarter. Institutional investors 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.