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

StockNews.com started 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 Trading Up 3.0 %

Shares of American Shared Hospital Services stock opened at $3.14 on Tuesday. American Shared Hospital Services has a 1 year low of $2.16 and a 1 year high of $3.25. The company has a market cap of $19.88 million, a price-to-earnings ratio of 34.89 and a beta of 0.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.90 and a quick ratio of 1.90.

American Shared Hospital Services (NYSEAMERICAN:AMS) last announced its earnings results on Wednesday, March 27th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. American Shared Hospital Services had a net margin of 2.86% and a return on equity of 4.58%. The business had revenue of $5.70 million during the quarter, compared to analyst estimates of $5.19 million. As a group, equities research analysts expect that American Shared Hospital Services will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in American Shared Hospital Services stock. Empowered Funds LLC purchased a new position in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 filing with the Securities and Exchange Commission (SEC). Institutional investors own 23.16% of the company’s stock.

About American Shared Hospital Services

American Shared Hospital Services provides radiosurgery and radiation therapy equipment to health care providers. 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.