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

StockNews.com assumed coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

American Shared Hospital Services Stock Up 0.7 %

AMS stock opened at $3.02 on Thursday. 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 one year low of $2.33 and a one year high of $4.60. The firm has a market cap of $19.39 million, a price-to-earnings ratio of 5.03 and a beta of 0.67.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Shared Hospital Services stock. Dimensional Fund Advisors LP boosted its stake in American Shared Hospital Services (NYSEAMERICAN:AMS) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,637 shares of the company’s stock after acquiring an additional 8,436 shares during the period. Dimensional Fund Advisors LP owned 2.84% of American Shared Hospital Services worth $574,000 at the end of the most recent quarter. Institutional investors 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.