American Shared Hospital Service Up 5.95% To $2.85 After Earnings Beat

American Shared Hospital Service (AMS) said after close Wednesday that it earned $0.06 per share in quarter four 2023.

On the revenue line, the company reported $5.7 million, beating estimates by $508 thousand.

In the same quarter a year ago, the company earned $0.04 per share on revenue of $5 million.

The stock is up 5.95% to $2.85 after the report.

American Shared Hospital Service's earnings expanded faster than revenues, signaling widening profit margins.

Trading in the five days leading up to the report earned American Shared Hospital Service a Bullish Sentiment Rank from InvestorsObserver.

American Shared Hospital Service has performed a little below average during the past few months. Before the report, American Shared Hospital Service received a Long-Term Technical Rank by InvestorsObserver of 49, putting it in the bottom half of stocks. The firm set a 52-week low on November 10, 2023 at $2.16 and set a 52-week high on June 2, 2023 at $3.

American Shared Hospital Services provides stereotactic radiosurgery equipment and Advanced radiation therapy & related equipment. It currently provides Gamma Knife units to medical centers and stand-alone facilities. The company, along with its subsidiaries, operates through the following operations: Gamma Knife, Advanced Radiation Therapy Equipment & Services, and Proton Beam Radiation Therapy Operations. It generates most of its revenue from the domestic market.