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

Equities researchers at StockNews.com started coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research note issued to investors on Thursday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Stock Down 1.0 %

AMS opened at $3.10 on Thursday. The stock has a market cap of $19.90 million, a PE ratio of 5.17 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.46. American Shared Hospital Services has a fifty-two week low of $2.44 and a fifty-two week high of $4.60.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC lifted 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 SEC. The firm owned 55,501 shares of the company’s stock after buying an additional 13,201 shares during the period. 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 currently owned by institutional investors and hedge funds.

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.