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

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

American Shared Hospital Services Stock Down 2.3 %

American Shared Hospital Services stock opened at $3.13 on Friday. American Shared Hospital Services has a one year low of $2.16 and a one year high of $3.69. The firm has a market cap of $19.81 million, a P/E ratio of 39.13 and a beta of 0.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.98 and a current ratio of 1.98.

American Shared Hospital Services (NYSEAMERICAN:AMS) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). American Shared Hospital Services had a net margin of 2.50% and a return on equity of 4.29%. The company had revenue of $5.22 million for the quarter, compared to analysts’ expectations of $5.01 million. As a group, research analysts anticipate that American Shared Hospital Services will post 0.29 EPS for the current year.

Institutional Investors Weigh In On American Shared Hospital Services

A hedge fund recently bought a new stake in American Shared Hospital Services stock. Empowered Funds LLC bought a new stake in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,468 shares of the company’s stock, valued at approximately $31,000. Empowered Funds LLC owned 0.17% of American Shared Hospital Services at the end of the most recent quarter. 23.16% of the stock is owned by 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.