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

StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMSGet Free Report) in a report released on Friday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Trading Down 1.9 %

AMS stock opened at $3.14 on Friday. The stock has a market cap of $19.97 million, a price-to-earnings ratio of 39.25 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.92 and a quick ratio of 1.92. American Shared Hospital Services has a 1 year low of $2.16 and a 1 year high of $4.60.

American Shared Hospital Services (NYSEAMERICAN:AMSGet Free Report) last released 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 firm 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, equities research analysts forecast that American Shared Hospital Services will post 0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new stake in American Shared Hospital Services in the 1st quarter valued at about $31,000. Renaissance Technologies LLC increased 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 worth $177,000 after buying an additional 13,201 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in American Shared Hospital Services by 4.9% in the second 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 period. 23.16% of the stock is owned by institutional investors and hedge funds.

About American Shared Hospital Services

(Get Free Report)

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.

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