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

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

American Shared Hospital Services Trading Down 1.5 %

NYSEAMERICAN:AMS traded down $0.04 on Friday, hitting $3.05. 45,464 shares of the company’s stock were exchanged, compared to its average volume of 45,641. American Shared Hospital Services has a 52 week low of $2.32 and a 52 week high of $4.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $19.37 million, a PE ratio of 5.08 and a beta of 0.67.

American Shared Hospital Services (NYSEAMERICAN:AMS) last released its earnings results on Wednesday, August 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.06. The business had revenue of $7.06 million for the quarter, compared to analyst estimates of $6.15 million. American Shared Hospital Services had a return on equity of 4.13% and a net margin of 15.74%. On average, equities analysts forecast that American Shared Hospital Services will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of 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 acquiring an additional 8,436 shares during the period. Renaissance Technologies LLC raised its stake in American Shared Hospital Services by 31.2% in the 2nd quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock valued at $177,000 after acquiring an additional 13,201 shares during the period. Finally, Empowered Funds LLC acquired a new stake in American Shared Hospital Services during the 1st quarter valued at $31,000. 23.16% of the stock is currently 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.