American Shared Hospital Services (NYSEAMERICAN:AMS) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report report published on Wednesday morning. The firm issued a hold rating on the stock.

American Shared Hospital Services Trading Up 1.0 %

Shares of AMS stock opened at $3.11 on Wednesday. American Shared Hospital Services has a twelve month low of $2.16 and a twelve month high of $4.60. The firm has a market capitalization of $19.78 million, a price-to-earnings ratio of 38.88 and a beta of 0.70. 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 (NYSEAMERICAN:AMS) last issued its earnings results on Wednesday, August 14th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.06. The business had revenue of $7.06 million during 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%. Equities research analysts predict that American Shared Hospital Services will post 0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMS. Empowered Funds LLC purchased a new stake in shares of American Shared Hospital Services in the first quarter worth about $31,000. Renaissance Technologies LLC grew its holdings 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 period. Finally, Dimensional Fund Advisors LP grew its holdings in American Shared Hospital Services by 4.9% in 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 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.