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

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

American Shared Hospital Services Stock Performance

Shares of AMS opened at $3.32 on Friday. American Shared Hospital Services has a twelve month low of $2.33 and a twelve month 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. The stock has a market cap of $21.31 million, a price-to-earnings ratio of 5.53 and a beta of 0.66.

Institutional Investors Weigh In On American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Renaissance Technologies LLC raised its stake in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,501 shares of the company’s stock after buying an additional 13,201 shares during the quarter. Renaissance Technologies LLC owned about 0.88% of American Shared Hospital Services worth $177,000 at the end of the most recent reporting period. 23.16% of the stock is owned by 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.