American Shared Hospital Services (NYSEAMERICAN:AMS) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the stock.

American Shared Hospital Services Price Performance

Shares of NYSEAMERICAN:AMS opened at $3.25 on Wednesday. American Shared Hospital Services has a 12 month low of $2.33 and a 12 month high of $4.60. The company has a market cap of $20.87 million, a P/E ratio of 17.89 and a beta of 0.67. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.34.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC raised its position in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,501 shares of the company’s stock after purchasing an additional 13,201 shares during the quarter. Renaissance Technologies LLC owned 0.88% of American Shared Hospital Services worth $177,000 at the end of the most recent quarter. 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.