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

Investment analysts at StockNews.com began coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report issued on Friday. The brokerage set a “hold” rating on the stock.

American Shared Hospital Services Stock Performance

Shares of AMS stock opened at $3.19 on Friday. 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 12 month low of $2.33 and a 12 month high of $4.60. The firm has a market cap of $20.48 million, a PE ratio of 5.32 and a beta of 0.66.

Institutional Investors Weigh In On American Shared Hospital Services

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC grew its position in American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% during the 2nd quarter, according to the company in its most recent disclosure 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 quarter. Renaissance Technologies LLC owned about 0.88% of American Shared Hospital Services worth $177,000 at the end of the most recent reporting period. 23.16% of the stock is owned by hedge funds and other institutional investors.

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.