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

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

American Shared Hospital Services Stock Down 2.5 %

Shares of AMS opened at $3.16 on Tuesday. American Shared Hospital Services has a 52 week low of $2.16 and a 52 week high of $4.60. The company has a market cap of $20.10 million, a P/E ratio of 4.86 and a beta of 0.67. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.37.

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

Institutional Trading of American Shared Hospital Services

A number of institutional investors and hedge funds have recently modified their holdings of AMS. Empowered Funds LLC acquired a new stake in shares of American Shared Hospital Services in the first quarter worth $31,000. Dimensional Fund Advisors LP lifted its stake 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 buying an additional 8,436 shares during the last quarter. Finally, 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 during the last quarter. 23.16% of the stock is currently owned by institutional investors and hedge funds.

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.