American Shared Hospital Services(NYSEMKT:AMS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 23, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.08.
American Shared Hospital Services (AMS) shares turned negative on Fridays trading session with the shares closing down -0.13 points or -2.87% at a volume of 52,776. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.625. The peak price level was also seen at $4.625 while the days lowest was $4.3. Finally the shares closed at $4.4. The 52-week high of the shares is $4.65 while the 52-week low is $1.81. According to the latest information available, the market cap of the company is $24 M.
Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Ernest A Bates (CEO) purchased 500 shares at $2.09 per share price.
American Shared Hospital Services provides Gamma Knife stereotactic radiosurgery equipment and radiation therapy and related equipment to over 18 medical centers in approximately 17 states in the United States. The Company provides Gamma Knife services through its 81% indirect interest in GK Financing LLC. The Company provides the equipment as well as planning installation reimbursement and marketing support services. Gamma Knife stereotactic radiosurgery is a non-invasive procedure which is an alternative to conventional brain surgery or can be an adjunct to conventional brain surgery radiation therapy or chemotherapy. Its radiation therapy business consists of one Image Guided Radiation Therapy Operations (IGRT) system. IGRT technology integrates imaging and detection components into a linear accelerator allowing clinicians to plan treatment verify positioning and deliver treatment with a single device providing radiation therapy with less damage to healthy tissue.