American Shared Hospital Services (NYSEAMERICAN:AMS) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a report released on Friday morning. The brokerage issued a hold rating on the stock.

American Shared Hospital Services Price Performance

NYSEAMERICAN AMS opened at $3.19 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $20.48 million, a P/E ratio of 5.32 and a beta of 0.66. American Shared Hospital Services has a 52-week low of $2.33 and a 52-week high of $4.60.

Institutional Trading of American Shared Hospital Services

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC grew its stake in American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,501 shares of the company’s stock after buying an additional 13,201 shares during the period. Renaissance Technologies LLC owned 0.88% of American Shared Hospital Services worth $177,000 as of its most recent filing with the Securities and Exchange Commission. 23.16% of the stock is currently owned by institutional investors and hedge funds.

American Shared Hospital Services Company Profile

American Shared Hospital Services provides stereotactic radiosurgery and advanced radiation therapy equipment. It operates in two segments, Medical Equipment Leasing, and Retail. 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.