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

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

American Shared Hospital Services Stock Up 0.3 %

NYSEAMERICAN:AMS opened at $3.23 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.92 and a current ratio of 1.92. American Shared Hospital Services has a fifty-two week low of $2.16 and a fifty-two week high of $4.60. The stock has a market cap of $20.54 million, a price-to-earnings ratio of 4.97 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, beating the consensus estimate of $0.07 by $0.06. The company had revenue of $7.06 million for 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, research analysts expect that American Shared Hospital Services will post 0.73 EPS for the current year.

Institutional Investors Weigh In On American Shared Hospital Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC bought a new position in American Shared Hospital Services in the 1st quarter worth approximately $31,000. Dimensional Fund Advisors LP increased 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 valued at $574,000 after purchasing an additional 8,436 shares during the period. Finally, Renaissance Technologies LLC increased 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 valued at $177,000 after purchasing an additional 13,201 shares during the period. 23.16% of the stock is currently owned by institutional investors and hedge funds.

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.