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

Research analysts at StockNews.com assumed coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report issued on Monday. The brokerage set a “hold” rating on the stock.

American Shared Hospital Services Stock Up 3.5 %

NYSEAMERICAN AMS opened at $3.29 on Monday. The company has a market cap of $21.12 million, a PE ratio of 5.48 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 1-year low of $2.33 and a 1-year high of $4.60.

Institutional Trading of American Shared Hospital Services

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% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,501 shares of the company’s stock after purchasing an additional 13,201 shares during the period. Renaissance Technologies LLC owned 0.88% of American Shared Hospital Services worth $177,000 at the end of the most recent quarter. 23.16% of the stock is owned by hedge funds and other 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.