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

StockNews.com started coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research note released on Wednesday morning. The firm issued a hold rating on the stock.

American Shared Hospital Services Stock Up 0.3 %

Shares of AMS opened at $3.17 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.46. American Shared Hospital Services has a 52 week low of $2.51 and a 52 week high of $4.60. The stock has a market cap of $20.35 million, a PE ratio of 5.28 and a beta of 0.66.

Institutional Trading of American Shared Hospital Services

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC boosted its stake in American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,501 shares of the company’s stock after buying an additional 13,201 shares during the quarter. Renaissance Technologies LLC owned approximately 0.88% of American Shared Hospital Services worth $177,000 at the end of the most recent quarter. 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.