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

Analysts at StockNews.com assumed coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a report issued on Friday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Stock Down 4.4 %

Shares of NYSEAMERICAN AMS opened at $3.07 on Friday. The stock has a market capitalization of $19.71 million, a P/E ratio of 5.12 and a beta of 0.66. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.34. American Shared Hospital Services has a fifty-two week low of $2.33 and a fifty-two week high of $4.60.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Shared Hospital Services stock. Renaissance Technologies LLC boosted its holdings in American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% in the second 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 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 filing with the Securities and Exchange Commission. 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.