American Shared Hospital Services (NYSEAMERICAN:AMS) Now Covered by StockNews.com

StockNews.com began coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a report issued on Sunday. The brokerage set a “hold” rating on the stock.

American Shared Hospital Services Stock Down 1.3 %

American Shared Hospital Services stock opened at $3.05 on Friday. The company has a market capitalization of $19.40 million, a P/E ratio of 38.13 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 has a one year low of $2.16 and a one year high of $4.60.

American Shared Hospital Services (NYSEAMERICAN:AMS) last posted 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 company had revenue of $7.06 million for the quarter, compared to analyst estimates of $6.15 million. On average, equities research analysts forecast that American Shared Hospital Services will post 0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On American Shared Hospital Services

Institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new stake in American Shared Hospital Services in the 1st quarter valued at about $31,000. Renaissance Technologies LLC boosted its holdings in 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 acquiring an additional 13,201 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in 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 valued at $574,000 after acquiring an additional 8,436 shares during the period. 23.16% of the stock is owned by institutional investors and hedge funds.

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.