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

Posted by Oscar Bower on Jun 26th, 2024

Equities researchers at StockNews.com began coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS – Get Free Report) in a report issued on Monday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Trading Up 3.8 %

Shares of NYSEAMERICAN AMS opened at $3.29 on Monday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.49. American Shared Hospital Services has a 52 week low of $2.16 and a 52 week high of $3.69. The stock has a market capitalization of $20.83 million, a P/E ratio of 41.13 and a beta of 0.70.

American Shared Hospital Services (NYSEAMERICAN:AMS – Get Free Report) last posted its earnings results on Tuesday, May 14th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). American Shared Hospital Services had a net margin of 2.50% and a return on equity of 4.29%. The business had revenue of $5.22 million for the quarter, compared to analysts’ expectations of $5.01 million. Analysts anticipate that American Shared Hospital Services will post 0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On American Shared Hospital Services

An institutional investor recently bought a new position in American Shared Hospital Services stock. Empowered Funds LLC purchased a new stake in shares of American Shared Hospital Services (NYSEAMERICAN:AMS – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,468 shares of the company’s stock, valued at approximately $31,000. Empowered Funds LLC owned approximately 0.17% of American Shared Hospital Services as of its most recent SEC filing. 23.16% of the stock is currently owned by institutional investors and hedge funds.

American Shared Hospital Services Company Profile

(Get Free Report)

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.