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

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

American Shared Hospital Services Stock Down 1.5 %

AMS opened at $2.66 on Friday. American Shared Hospital Services has a 12 month low of $2.51 and a 12 month high of $4.60. The company has a market capitalization of $17.08 million, a P/E ratio of 4.43 and a beta of 0.66. 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 Investors Weigh In On American Shared Hospital Services

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 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,225 shares of the company’s stock after acquiring an additional 3,776 shares during the quarter. Renaissance Technologies LLC owned 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 currently 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.