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

Analysts at StockNews.com began coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a report issued on Saturday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Price Performance

NYSEAMERICAN AMS opened at $3.06 on Friday. 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 has a 52 week low of $2.16 and a 52 week high of $4.60. The firm has a market cap of $19.46 million, a price-to-earnings ratio of 38.25 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $7.06 million during the quarter, compared to analysts’ expectations of $6.15 million. Equities analysts anticipate that American Shared Hospital Services will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC purchased a new stake in American Shared Hospital Services in the 1st quarter worth approximately $31,000. Renaissance Technologies LLC boosted its holdings in American Shared Hospital Services by 31.2% during the second quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock worth $177,000 after buying an additional 13,201 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 buying an additional 8,436 shares in the last quarter. Hedge funds and other institutional investors own 23.16% of the company’s stock.

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.