American Shared Hospital Services (NYSEAMERICAN:AMS) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

American Shared Hospital Services (NYSEAMERICAN:AMS) announced its earnings results on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04, reports. American Shared Hospital Services had a net margin of 2.86% and a return on equity of 4.59%. The business had revenue of $5.70 million for the quarter, compared to analyst estimates of $5.19 million.

American Shared Hospital Services Price Performance

Shares of American Shared Hospital Services stock traded up $0.26 during trading hours on Friday, hitting $2.95. The company had a trading volume of 76,610 shares, compared to its average volume of 7,357. The firm has a market cap of $18.59 million, a P/E ratio of 32.78 and a beta of 0.66. The company’s 50-day moving average price is $2.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.03 and a current ratio of 2.03. American Shared Hospital Services has a twelve month low of $2.16 and a twelve month high of $3.00.

Analyst Ratings Changes

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

Hedge Funds Weigh In On American Shared Hospital Services

A number of large investors have recently made changes to their positions in the stock. CI Private Wealth LLC purchased a new stake in shares of American Shared Hospital Services during the fourth quarter worth about $470,000. Renaissance Technologies LLC grew its holdings in shares of American Shared Hospital Services by 65.5% during the second quarter. Renaissance Technologies LLC now owns 74,795 shares of the company’s stock worth $191,000 after buying an additional 29,595 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of American Shared Hospital Services by 140.0% during the second quarter. Citadel Advisors LLC now owns 33,223 shares of the company’s stock worth $85,000 after buying an additional 19,381 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of American Shared Hospital Services by 16.2% during the fourth quarter. Vanguard Group Inc. now owns 117,884 shares of the company’s stock worth $280,000 after buying an additional 16,475 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of American Shared Hospital Services by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 166,056 shares of the company’s stock worth $467,000 after buying an additional 7,375 shares in the last quarter. Hedge funds and other institutional investors own 23.16% of the company’s stock.

About American Shared Hospital Services

American Shared Hospital Services provides radiosurgery and radiation therapy equipment to health care providers. 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.