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

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

American Shared Hospital Services Stock Performance

Shares of American Shared Hospital Services stock opened at $3.09 on Friday. The company has a market cap of $19.65 million, a P/E ratio of 4.75 and a beta of 0.67. American Shared Hospital Services has a 52 week low of $2.25 and a 52 week 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.

American Shared Hospital Services (NYSEAMERICAN:AMS) last issued its quarterly earnings results 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 company had revenue of $7.06 million for the quarter, compared to analysts’ expectations of $6.15 million. As a group, equities research analysts forecast that American Shared Hospital Services will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On American Shared Hospital Services

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted 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 purchasing an additional 8,436 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of American Shared Hospital Services by 31.2% during the second quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock valued at $177,000 after purchasing an additional 13,201 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of American Shared Hospital Services during the first quarter valued at $31,000. 23.16% of the stock is owned by hedge funds and other institutional investors.

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.