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

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

American Shared Hospital Services Trading Down 1.9 %

Shares of AMS opened at $3.14 on Friday. 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 $19.97 million, a PE ratio of 39.25 and a beta of 0.67.

American Shared Hospital Services (NYSEAMERICAN:AMS) last released its earnings results on Wednesday, August 14th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $7.06 million for the quarter, compared to analysts’ expectations of $6.15 million. American Shared Hospital Services had a return on equity of 5.39% and a net margin of 18.41%. Research analysts forecast that American Shared Hospital Services will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.