American Shared Hospital Services (NYSEAMERICAN:AMS) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research note released on Thursday morning. The firm issued a hold rating on the stock.

American Shared Hospital Services Price Performance

Shares of NYSEAMERICAN AMS opened at $3.18 on Thursday. The firm has a market cap of $20.22 million, a P/E ratio of 4.90 and a beta of 0.67. 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 has a twelve month low of $2.16 and a twelve month high of $4.60.

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 analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $7.06 million during the quarter, compared to the consensus estimate 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, research analysts anticipate that American Shared Hospital Services will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Empowered Funds LLC bought a new position in American Shared Hospital Services in the first quarter worth approximately $31,000. Dimensional Fund Advisors LP raised its position 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 worth $574,000 after purchasing an additional 8,436 shares during the period. Finally, Renaissance Technologies LLC raised its position 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 worth $177,000 after purchasing an additional 13,201 shares during the period. 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.