American Shared Hospital Services (NYSEAMERICAN:AMS) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a report issued on Saturday. The brokerage issued a hold rating on the stock.

American Shared Hospital Services Price Performance

Shares of American Shared Hospital Services stock opened at $3.06 on Friday. The company has a market capitalization of $19.46 million, a PE ratio of 38.25 and a beta of 0.67. American Shared Hospital Services has a 52 week low of $2.16 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.

American Shared Hospital Services (NYSEAMERICAN:AMS) last posted its earnings results on Wednesday, August 14th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.07 by $0.06. The firm had revenue of $7.06 million for the quarter, compared to analysts’ expectations of $6.15 million. American Shared Hospital Services had a net margin of 18.41% and a return on equity of 5.39%. As a group, equities research analysts expect that American Shared Hospital Services will post 0.73 EPS for the current year.

Institutional Investors Weigh In On American Shared Hospital Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in American Shared Hospital Services by 31.2% during the second 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 last quarter. Empowered Funds LLC bought a new position in shares of American Shared Hospital Services during the 1st quarter valued at $31,000. Finally, Dimensional Fund Advisors LP raised its position in American Shared Hospital Services by 4.9% in 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 during the period. Hedge funds and other institutional investors own 23.16% of the company’s stock.

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.