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

Investment analysts at StockNews.com assumed coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Price Performance

NYSEAMERICAN AMS opened at $3.09 on Friday. 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 stock 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 twelve month low of $2.25 and a twelve month high of $4.60.

American Shared Hospital Services (NYSEAMERICAN:AMS) last issued its earnings results on Wednesday, August 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The business had revenue of $7.06 million during the quarter, compared to analysts’ expectations of $6.15 million. American Shared Hospital Services had a return on equity of 5.39% and a net margin of 18.41%. As a group, analysts predict that American Shared Hospital Services will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Shared Hospital Services

A number of hedge funds and other institutional investors have recently bought and sold shares of AMS. Empowered Funds LLC bought a new stake in shares of American Shared Hospital Services in the first quarter worth $31,000. Renaissance Technologies LLC increased its stake 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 last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of 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 acquiring an additional 8,436 shares during the period. 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.