American Shared Hospital Services (NYSEAMERICAN:AMS) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

American Shared Hospital Services (NYSEAMERICAN:AMS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $2.89. American Shared Hospital Services shares last traded at $2.78, with a volume of 4,961 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of American Shared Hospital Services in a report on Tuesday, January 14th. They issued a “hold” rating for the company.

American Shared Hospital Services Stock Performance

The stock has a market capitalization of $17.85 million, a price-to-earnings ratio of 4.63 and a beta of 0.66. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

Institutional Trading of American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Renaissance Technologies LLC raised its holdings in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,225 shares of the company’s stock after acquiring an additional 3,776 shares during the quarter. Renaissance Technologies LLC owned approximately 1.11% of American Shared Hospital Services worth $227,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 23.16% of the company’s stock.

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.