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

StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the stock.

American Shared Hospital Services Stock Performance

Shares of NYSEAMERICAN AMS opened at $3.22 on Wednesday. The company has a market cap of $20.48 million, a PE ratio of 4.95 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.92 and a quick ratio of 1.92. American Shared Hospital Services has a 1 year low of $2.16 and a 1 year high of $4.60.

American Shared Hospital Services (NYSEAMERICAN:AMS) last posted its earnings results 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 return on equity of 5.39% and a net margin of 18.41%. The company had revenue of $7.06 million during the quarter, compared to analysts’ expectations of $6.15 million. On average, analysts anticipate that American Shared Hospital Services will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On American Shared Hospital Services

A number of institutional investors and hedge funds have recently made changes to their positions in AMS. Empowered Funds LLC acquired a new stake in shares of American Shared Hospital Services in the first quarter valued at $31,000. Renaissance Technologies LLC lifted its stake 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 worth $177,000 after acquiring an additional 13,201 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings 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 valued at $574,000 after acquiring an additional 8,436 shares during the period. 23.16% of the stock is owned by hedge funds and other 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.