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

StockNews.com began coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research note issued to investors on Tuesday. The firm issued a hold rating on the stock.

American Shared Hospital Services Stock Performance

American Shared Hospital Services stock opened at $3.23 on Tuesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.37. The stock has a market cap of $20.51 million, a P/E ratio of 4.96 and a beta of 0.67. American Shared Hospital Services has a 12-month low of $2.16 and a 12-month high of $4.60.

American Shared Hospital Services (NYSEAMERICAN:AMS) last issued its quarterly earnings data 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. 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 analyst estimates of $6.15 million. On average, equities research analysts expect that American Shared Hospital Services will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of American Shared Hospital Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC acquired a new position in shares of American Shared Hospital Services in the first quarter worth $31,000. Renaissance Technologies LLC boosted 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 stake 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 worth $574,000 after purchasing an additional 8,436 shares in the last quarter. 23.16% of the stock is currently owned by hedge funds and other institutional investors.

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.