American Shared Hospital Services (NYSEAMERICAN:AMS) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a report released on Wednesday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Trading Up 2.3 %

NYSEAMERICAN:AMS opened at $3.16 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. American Shared Hospital Services has a one year low of $2.51 and a one year high of $4.60. The firm has a market cap of $20.29 million, a P/E ratio of 5.27 and a beta of 0.66.

Hedge Funds Weigh In On American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Renaissance Technologies LLC raised its stake in American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,501 shares of the company’s stock after acquiring an additional 13,201 shares during the quarter. Renaissance Technologies LLC owned about 0.88% of American Shared Hospital Services worth $177,000 as of its most recent filing with the Securities and Exchange Commission. 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.