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 report released on Sunday morning. The firm issued a hold rating on the stock.

American Shared Hospital Services Trading Up 3.5 %

AMS stock opened at $3.23 on Friday. American Shared Hospital Services has a 1 year low of $2.16 and a 1 year 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. The company has a market cap of $20.54 million, a P/E ratio of 4.97 and a beta of 0.67.

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 the consensus estimate of $0.07 by $0.06. American Shared Hospital Services had a net margin of 18.41% and a return on equity of 5.39%. The business had revenue of $7.06 million for the quarter, compared to analyst estimates of $6.15 million. Research analysts forecast that American Shared Hospital Services will post 0.73 EPS for the current fiscal year.

Institutional Trading of American Shared Hospital Services

Several large investors have recently bought and sold shares of AMS. Dimensional Fund Advisors LP raised its stake in 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 buying an additional 8,436 shares during the last quarter. Empowered Funds LLC purchased a new stake in American Shared Hospital Services during the 1st quarter valued at $31,000. Finally, Renaissance Technologies LLC raised its stake in American Shared Hospital Services by 31.2% during 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. 23.16% of the stock is owned by 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.