American Shared Hospital Services (NYSEAMERICAN:AMS) Releases Earnings Results

American Shared Hospital Services (NYSEAMERICAN:AMS) announced its quarterly earnings data on Wednesday. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06, reports. American Shared Hospital Services had a net margin of 2.50% and a return on equity of 4.29%. The company had revenue of $7.06 million for the quarter, compared to the consensus estimate of $6.15 million.

American Shared Hospital Services Stock Performance

NYSEAMERICAN:AMS traded down $0.17 during mid-day trading on Friday, hitting $2.84. 61,286 shares of the company’s stock traded hands, compared to its average volume of 10,645. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.49. American Shared Hospital Services has a 1 year low of $2.16 and a 1 year high of $3.69. The company has a market capitalization of $17.98 million, a P/E ratio of 35.50 and a beta of 0.70.

Institutional Investors Weigh In On American Shared Hospital Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of 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. Dimensional Fund Advisors LP boosted its position in shares of American Shared Hospital Services by 4.9% in the second 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 last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of American Shared Hospital Services in the first quarter worth approximately $31,000. 23.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of American Shared Hospital Services in a research note on Saturday. They set a “hold” rating for the company.

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.