NEW YORK (TheStreet) -- Shares of Alliance HealthCare Services (AIQ) are up 3.51% to $29.16 after it was reported that the provider of diagnostics imaging and radiation oncology services is exploring a potential sale of the company, sources told Reuters.
The California-based company, which has a market capitalization of about $300 million, hired investment bank Moelis & Co. (MC) .
Private equity firm Oaktree Capital Management LP (OAK) owns a 44% stake.
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TheStreet Ratings team rates ALLIANCE HEALTHCARE SVCS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ALLIANCE HEALTHCARE SVCS INC (AIQ) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, increase in stock price during the past year and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good."
Highlights from the analysis by TheStreet Ratings Team goes as follows: