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

Equities researchers at StockNews.com began coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research note 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 $3.06 on Tuesday. The stock has a market cap of $19.65 million, a PE ratio of 5.10 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. American Shared Hospital Services has a twelve month low of $2.51 and a twelve month high of $4.60.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC increased its stake in American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,501 shares of the company’s stock after acquiring an additional 13,201 shares during the period. Renaissance Technologies LLC owned approximately 0.88% of American Shared Hospital Services worth $177,000 as of its most recent SEC filing. 23.16% of the stock is currently owned by hedge funds and other institutional investors.

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.