American Shared Hospital Services (NYSEAMERICAN:AMS) Stock Passes Above 200 Day Moving Average – What’s Next?

American Shared Hospital Services (NYSEAMERICAN:AMS) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $3.17. American Shared Hospital Services shares last traded at $3.10, with a volume of 1,037 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of American Shared Hospital Services in a research note on Tuesday, January 14th. They issued a “hold” rating for the company.

American Shared Hospital Services Stock Down 0.6 %

The company has a market capitalization of $19.90 million, a price-to-earnings ratio of 5.17 and a beta of 0.67. 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 Trading of American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Renaissance Technologies LLC lifted its position in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,501 shares of the company’s stock after buying an additional 13,201 shares during the period. Renaissance Technologies LLC owned approximately 0.88% of American Shared Hospital Services worth $177,000 as of its most recent SEC filing. 23.16% of the stock is owned by institutional investors and hedge funds.

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.