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

StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.

American Shared Hospital Services Trading Up 2.2 %

Shares of AMS opened at $3.19 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $20.48 million, a price-to-earnings ratio of 5.32 and a beta of 0.66. American Shared Hospital Services has a one year low of $2.37 and a one year high of $4.60.

Institutional Trading of American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Renaissance Technologies LLC raised its holdings in American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,501 shares of the company’s stock after acquiring an additional 13,201 shares during the period. 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. 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.