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

Research analysts at StockNews.com began coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Price Performance

American Shared Hospital Services stock opened at $3.20 on Friday. American Shared Hospital Services has a 12 month low of $2.16 and a 12 month high of $4.60. The firm has a market capitalization of $20.35 million, a price-to-earnings ratio of 40.01 and a beta of 0.67. 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 (NYSEAMERICAN:AMS) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $7.06 million for the quarter, compared to analysts’ expectations of $6.15 million. American Shared Hospital Services had a net margin of 18.41% and a return on equity of 5.39%. Sell-side analysts predict that American Shared Hospital Services will post 0.73 earnings per share for the current year.

Institutional Trading of American Shared Hospital Services

Several institutional investors have recently added to or reduced their stakes in AMS. Renaissance Technologies LLC boosted its holdings 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 last quarter. Empowered Funds LLC bought a new position in American Shared Hospital Services during the first quarter valued at approximately $31,000. Finally, Dimensional Fund Advisors LP lifted its position in American Shared Hospital Services by 4.9% during the second 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 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.