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

American Shared Hospital Services Trading Down 0.3 %

American Shared Hospital Services stock opened at $3.14 on Monday. American Shared Hospital Services has a 52 week low of $2.16 and a 52 week high of $4.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market cap of $19.97 million, a PE ratio of 4.85 and a beta of 0.67.

American Shared Hospital Services (NYSEAMERICAN:AMS) last released its 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. The company had revenue of $7.06 million during the quarter, compared to the consensus estimate of $6.15 million. American Shared Hospital Services had a net margin of 18.41% and a return on equity of 5.39%. On average, analysts forecast that American Shared Hospital Services will post 0.73 earnings per share for the current year.

Institutional Trading of American Shared Hospital Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC acquired a new stake in shares of American Shared Hospital Services in the 1st quarter worth about $31,000. Renaissance Technologies LLC grew its position 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 worth $177,000 after purchasing an additional 13,201 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased 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 valued at $574,000 after purchasing an additional 8,436 shares during the period. 23.16% of the stock is currently 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.