American Shared Hospital Services (NYSEAMERICAN:AMS) Now Covered by StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a report released on Tuesday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Stock Performance

Shares of AMS stock opened at $3.23 on Tuesday. The company has a market capitalization of $20.54 million, a price-to-earnings ratio of 4.97 and a beta of 0.67. American Shared Hospital Services has a fifty-two week low of $2.16 and a fifty-two week 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 released its quarterly earnings data 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 net margin of 18.41% and a return on equity of 5.39%. On average, analysts predict that American Shared Hospital Services will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On American Shared Hospital Services

A number of institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in shares of American Shared Hospital Services by 31.2% during 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 in the last quarter. Dimensional Fund Advisors LP increased its position 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 buying an additional 8,436 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in American Shared Hospital Services during the first quarter valued at $31,000. Institutional investors 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.