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

StockNews.com assumed coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research note released on Saturday. The firm issued a hold rating on the stock.

American Shared Hospital Services Stock Up 0.3 %

Shares of NYSEAMERICAN:AMS opened at $3.06 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.37. The stock has a market cap of $19.46 million, a PE ratio of 38.25 and a beta of 0.67. American Shared Hospital Services has a 12 month low of $2.16 and a 12 month high of $4.60.

American Shared Hospital Services (NYSEAMERICAN:AMS) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.06. American Shared Hospital Services had a return on equity of 5.39% and a net margin of 18.41%. The business had revenue of $7.06 million during the quarter, compared to analysts’ expectations of $6.15 million. Equities analysts expect that American Shared Hospital Services will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC bought a new stake in American Shared Hospital Services during the 1st quarter valued at about $31,000. Renaissance Technologies LLC lifted its stake in shares of American Shared Hospital Services by 31.2% in 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. Finally, Dimensional Fund Advisors LP grew its holdings in shares of American Shared Hospital Services by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 179,637 shares of the company’s stock valued at $574,000 after buying an additional 8,436 shares during the last quarter. Institutional investors own 23.16% of the company’s stock.

About American Shared Hospital Services

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.