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 published on Monday morning. The brokerage issued a hold rating on the stock.

American Shared Hospital Services Trading Down 0.3 %

NYSEAMERICAN AMS opened at $3.03 on Monday. American Shared Hospital Services has a one year low of $2.16 and a one year high of $4.60. 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 company has a market cap of $19.27 million, a PE ratio of 37.88 and a beta of 0.67.

American Shared Hospital Services (NYSEAMERICAN:AMS) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.13 EPS for the quarter, beating the consensus estimate 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 business had revenue of $7.06 million during the quarter, compared to analyst estimates of $6.15 million. On average, sell-side analysts predict that American Shared Hospital Services will post 0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMS. Empowered Funds LLC purchased a new stake in American Shared Hospital Services during the first quarter valued at approximately $31,000. Renaissance Technologies LLC raised its holdings in American Shared Hospital Services by 31.2% during the 2nd quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock valued at $177,000 after buying an additional 13,201 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in American Shared Hospital Services by 4.9% during the 2nd 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 period. Hedge funds and other 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.