StockNews.com Initiates Coverage on American Shared Hospital Services (NYSEAMERICAN:AMS)

Analysts at StockNews.com started coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a report released on Sunday. The brokerage set a “hold” rating on the stock.

American Shared Hospital Services Price Performance

Shares of AMS opened at $3.09 on Friday. The stock has a market capitalization of $19.65 million, a P/E ratio of 38.63 and a beta of 0.67. American Shared Hospital Services has a one year low of $2.16 and a one year high of $4.60. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.37.

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 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 business had revenue of $7.06 million for the quarter, compared to the consensus estimate of $6.15 million. On average, equities research analysts anticipate 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 large investors have recently added to or reduced their stakes in AMS. Dimensional Fund Advisors LP boosted its position 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 valued at $574,000 after buying an additional 8,436 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of American Shared Hospital Services by 31.2% in the 2nd 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 period. Finally, Empowered Funds LLC bought a new position in shares of American Shared Hospital Services in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 23.16% of the company’s stock.

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.