StockNews.com Begins Coverage on American Shared Hospital Services (NYSEAMERICAN:AMS)

Equities researchers at StockNews.com began coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Stock Performance

Shares of American Shared Hospital Services stock opened at $2.80 on Tuesday. American Shared Hospital Services has a 1 year low of $2.64 and a 1 year high of $4.60. The firm has a market capitalization of $17.98 million, a PE ratio of 4.67 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.46 and a current ratio of 1.46.

Institutional Investors Weigh In On American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Renaissance Technologies LLC lifted its stake in American Shared Hospital Services (NYSEAMERICAN:AMS) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,225 shares of the company’s stock after buying an additional 3,776 shares during the period. Renaissance Technologies LLC owned about 1.11% of American Shared Hospital Services worth $227,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 23.16% of the company’s stock.

About American Shared Hospital Services

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.