American Shared Hospital Services (NYSEAMERICAN:AMS) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of American Shared Hospital Services (NYSEAMERICAN:AMS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $3.02. American Shared Hospital Services shares last traded at $2.93, with a volume of 5,898 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on American Shared Hospital Services in a research report on Tuesday, January 14th. They set a “hold” rating on the stock.

American Shared Hospital Services Stock Performance

The firm has a market cap of $18.81 million, a PE ratio of 4.88 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.46 and a current ratio of 1.46.

Institutional Investors Weigh In On American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Renaissance Technologies LLC lifted its holdings in American Shared Hospital Services (NYSEAMERICAN:AMS) by 5.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 71,225 shares of the company’s stock after purchasing an additional 3,776 shares during the period. Renaissance Technologies LLC owned about 1.11% of American Shared Hospital Services worth $227,000 at the end of the most recent reporting period. 23.16% of the stock is owned by institutional investors.

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.