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

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

American Shared Hospital Services Stock Performance

Shares of NYSEAMERICAN AMS opened at $3.14 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.46 and a current ratio of 1.46. American Shared Hospital Services has a 12-month low of $2.33 and a 12-month high of $4.60. The stock has a market cap of $20.16 million, a PE ratio of 5.27 and a beta of 0.67.

Hedge Funds Weigh In On American Shared Hospital Services

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

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.