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

American Shared Hospital Services (NYSEAMERICAN:AMS) released its quarterly earnings results on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.70 million for the quarter, compared to the consensus estimate of $5.19 million.

American Shared Hospital Services Stock Performance

American Shared Hospital Services stock traded up $0.26 during midday trading on Friday, hitting $2.95. 76,610 shares of the company’s stock were exchanged, 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 business’s 50-day moving average price is $2.60. American Shared Hospital Services has a 12 month low of $2.16 and a 12 month high of $3.00. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.40.

Institutional Trading of American Shared Hospital Services

Several hedge funds have recently modified their holdings of AMS. Renaissance Technologies LLC lifted its position in shares of American Shared Hospital Services by 26.3% during the third quarter. Renaissance Technologies LLC now owns 19,321 shares of the company’s stock valued at $50,000 after buying an additional 4,021 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of American Shared Hospital Services by 28.9% during the fourth quarter. Citadel Advisors LLC now owns 24,072 shares of the company’s stock valued at $57,000 after buying an additional 5,391 shares during the last quarter. Vanguard Group Inc. raised its position in shares of American Shared Hospital Services by 16.2% in the 4th quarter. Vanguard Group Inc. now owns 117,884 shares of the company’s stock valued at $280,000 after purchasing an additional 16,475 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of American Shared Hospital Services by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 158,681 shares of the company’s stock valued at $465,000 after purchasing an additional 5,899 shares during the last quarter. Finally, CI Private Wealth LLC purchased a new position in shares of American Shared Hospital Services in the 4th quarter valued at approximately $470,000. 23.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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