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

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

American Shared Hospital Services Trading Up 3.1 %

NYSEAMERICAN:AMS opened at $3.32 on Friday. The firm has a market cap of $21.31 million, a PE ratio of 5.53 and a beta of 0.66. American Shared Hospital Services has a twelve month low of $2.33 and a twelve month high of $4.60. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

Institutional Investors Weigh In On American Shared Hospital Services

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC grew its position in American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,501 shares of the company’s stock after purchasing 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 hedge funds and other institutional investors.

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.