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

StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a report issued on Tuesday morning. The brokerage issued a hold rating on the stock.

American Shared Hospital Services Stock Up 0.3 %

NYSEAMERICAN AMS opened at $3.04 on Tuesday. 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 has a 12-month low of $2.16 and a 12-month high of $4.60. The firm has a market capitalization of $19.33 million, a price-to-earnings ratio of 38.00 and a beta of 0.67.

American Shared Hospital Services (NYSEAMERICAN:AMS) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.07 by $0.06. American Shared Hospital Services had a net margin of 18.41% and a return on equity of 5.39%. The business had revenue of $7.06 million during the quarter, compared to the consensus estimate of $6.15 million. On average, 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 large investors have recently modified their holdings of AMS. Renaissance Technologies LLC raised its position in shares of American Shared Hospital Services by 31.2% in the second quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock worth $177,000 after acquiring an additional 13,201 shares during the period. Empowered Funds LLC acquired a new position in shares of American Shared Hospital Services in the first quarter worth about $31,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 worth $574,000 after purchasing an additional 8,436 shares in the last quarter. 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.