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

StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMSFree Report) in a report released on Sunday morning. The brokerage issued a hold rating on the stock.

American Shared Hospital Services Trading Down 0.3 %

Shares of AMS opened at $3.39 on Friday. American Shared Hospital Services has a one year low of $2.16 and a one year high of $3.69. The stock has a market capitalization of $21.46 million, a price-to-earnings ratio of 42.38 and a beta of 0.66. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.49.

American Shared Hospital Services (NYSEAMERICAN:AMSGet Free Report) last announced its earnings results on Tuesday, May 14th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $5.22 million during the quarter, compared to analyst estimates of $5.01 million. American Shared Hospital Services had a return on equity of 4.29% and a net margin of 2.50%. Equities analysts forecast that American Shared Hospital Services will post 0.29 EPS for the current year.

Hedge Funds Weigh In On American Shared Hospital Services

A hedge fund recently bought a new stake in American Shared Hospital Services stock. Empowered Funds LLC purchased a new stake in American Shared Hospital Services (NYSEAMERICAN:AMSFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,468 shares of the company’s stock, valued at approximately $31,000. Empowered Funds LLC owned 0.17% of American Shared Hospital Services as of its most recent SEC filing. Hedge funds and other institutional investors own 23.16% of the company’s stock.

About American Shared Hospital Services

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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.

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