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

StockNews.com assumed coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research note released on Saturday morning. The firm issued a hold rating on the stock.

American Shared Hospital Services Price Performance

Shares of American Shared Hospital Services stock opened at $2.76 on Friday. The company has a market capitalization of $17.72 million, a price-to-earnings ratio of 4.60 and a beta of 0.66. The firm has a 50-day moving average price of $2.77. American Shared Hospital Services has a one year low of $2.51 and a one year high of $4.60. 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 Trading of 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% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 71,225 shares of the company’s stock after acquiring an additional 3,776 shares during the quarter. Renaissance Technologies LLC owned approximately 1.11% of American Shared Hospital Services worth $227,000 as of its most recent SEC filing. 23.16% of the stock is currently owned by hedge funds and other institutional investors.

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.