American Shared Hospital Services (NYSEAMERICAN:AMS) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

American Shared Hospital Services (NYSEAMERICAN:AMS) issued its earnings results on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.06, reports. The firm had revenue of $7.06 million for the quarter, compared to the consensus estimate of $6.15 million. American Shared Hospital Services had a net margin of 2.50% and a return on equity of 4.29%.

American Shared Hospital Services Stock Performance

AMS traded down $0.17 during trading on Friday, hitting $2.84. 61,286 shares of the company traded hands, compared to its average volume of 10,645. The stock has a market capitalization of $17.98 million, a price-to-earnings ratio of 35.50 and a beta of 0.70. American Shared Hospital Services has a 1 year low of $2.16 and a 1 year high of $3.69. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.98 and a current ratio of 1.98.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of American Shared Hospital Services in a research report on Saturday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On American Shared Hospital Services

Several institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in 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 during the last quarter. Dimensional Fund Advisors LP lifted its position in 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 during the last quarter. Finally, Empowered Funds LLC bought a new position in 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.

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.