American Shared Hospital Services (NYSEAMERICAN:AMS) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMSFree Report) in a research note issued to investors on Wednesday. The firm issued a hold rating on the stock.

American Shared Hospital Services Price Performance

Shares of NYSEAMERICAN AMS opened at $3.15 on Wednesday. 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 $20.22 million, a P/E ratio of 5.25 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.

Hedge Funds Weigh In On American Shared Hospital Services

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC lifted its stake in American Shared Hospital Services (NYSEAMERICAN:AMSFree Report) by 31.2% in the second quarter, according to the company in its most recent 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 0.88% of American Shared Hospital Services worth $177,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 23.16% of the company’s stock.

About American Shared Hospital Services

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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.

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