StockNews.com Initiates Coverage on American Shared Hospital Services (NYSEAMERICAN:AMS)

Investment analysts at StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research note issued on Sunday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Stock Performance

Shares of NYSEAMERICAN AMS opened at $3.50 on Friday. 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 $22.47 million, a price-to-earnings ratio of 5.83 and a beta of 0.66. American Shared Hospital Services has a 1-year low of $2.33 and a 1-year high of $4.60.

Institutional Investors Weigh In On American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Dimensional Fund Advisors LP raised its holdings in American Shared Hospital Services (NYSEAMERICAN:AMS) by 4.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,637 shares of the company’s stock after buying an additional 8,436 shares during the period. Dimensional Fund Advisors LP owned about 2.84% of American Shared Hospital Services worth $574,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 23.16% of the company’s stock.

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.