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

Stock analysts at StockNews.com assumed coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

American Shared Hospital Services Stock Performance

American Shared Hospital Services stock opened at $3.17 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.46. American Shared Hospital Services has a 12 month low of $2.51 and a 12 month high of $4.60. The company has a market cap of $20.35 million, a PE ratio of 5.28 and a beta of 0.66.

Institutional Trading of American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Renaissance Technologies LLC increased its stake in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,501 shares of the company’s stock after purchasing 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 SEC filing. 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.