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

Equities researchers at StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Stock Down 0.6 %

Shares of AMS opened at $3.24 on Tuesday. The company has a market capitalization of $20.61 million, a price-to-earnings ratio of 4.98 and a beta of 0.67. American Shared Hospital Services has a twelve month low of $2.16 and a twelve month high of $4.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.92 and a current ratio of 1.92.

American Shared Hospital Services (NYSEAMERICAN:AMS) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.13 earnings per share (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 the consensus estimate of $6.15 million. On average, equities analysts forecast that American Shared Hospital Services will post 0.73 earnings per share for the current year.

Institutional Investors Weigh In On American Shared Hospital Services

A number of hedge funds and other institutional investors have recently modified their holdings of AMS. Empowered Funds LLC acquired a new position in American Shared Hospital Services in the first quarter valued at about $31,000. Renaissance Technologies LLC increased its holdings in American Shared Hospital Services by 31.2% in 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 position in shares of American Shared Hospital Services by 4.9% in 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 in the last quarter. Institutional investors and hedge funds 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.