American Shared Hospital Services (NYSEAMERICAN:AMS) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a report released on Wednesday. The brokerage issued a hold rating on the stock.

American Shared Hospital Services Stock Down 1.0 %

Shares of American Shared Hospital Services stock opened at $3.06 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.92 and a current ratio of 1.92. American Shared Hospital Services has a 52 week low of $2.16 and a 52 week high of $4.60. The firm has a market capitalization of $19.46 million, a price-to-earnings ratio of 38.25 and a beta of 0.70.

American Shared Hospital Services (NYSEAMERICAN:AMS) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.07 by $0.06. American Shared Hospital Services had a return on equity of 5.39% and a net margin of 18.41%. The company had revenue of $7.06 million for the quarter, compared to the consensus estimate of $6.15 million. As a group, research analysts predict that American Shared Hospital Services will post 0.29 EPS for the current year.

Institutional Trading of American Shared Hospital Services

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC bought a new position in shares of American Shared Hospital Services during the 1st quarter worth approximately $31,000. Dimensional Fund Advisors LP grew its stake 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 last quarter. Finally, Renaissance Technologies LLC increased its position in 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 buying an additional 13,201 shares in the last quarter. 23.16% of the stock is currently owned by institutional investors.

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.