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

Investment analysts at StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Stock Performance

American Shared Hospital Services stock opened at $2.69 on Tuesday. The stock’s 50-day simple moving average is $2.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.03 and a quick ratio of 2.03. The company has a market capitalization of $16.95 million, a PE ratio of 38.43 and a beta of 0.66. American Shared Hospital Services has a 52 week low of $2.16 and a 52 week high of $3.00.

Institutional Investors Weigh In On American Shared Hospital Services

Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of American Shared Hospital Services by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 166,056 shares of the company’s stock valued at $467,000 after buying an additional 7,375 shares in the last quarter. CI Private Wealth LLC acquired a new stake in shares of American Shared Hospital Services in the fourth quarter valued at approximately $470,000. Vanguard Group Inc. raised its position in shares of American Shared Hospital Services by 16.2% in the fourth quarter. Vanguard Group Inc. now owns 117,884 shares of the company’s stock valued at $280,000 after buying an additional 16,475 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of American Shared Hospital Services by 65.5% in the second quarter. Renaissance Technologies LLC now owns 74,795 shares of the company’s stock valued at $191,000 after buying an additional 29,595 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in shares of American Shared Hospital Services by 140.0% in the second quarter. Citadel Advisors LLC now owns 33,223 shares of the company’s stock valued at $85,000 after buying an additional 19,381 shares in the last quarter. 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 radiosurgery and radiation therapy equipment to health care providers. 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.