American Shared Hospital Services (NYSEAMERICAN:AMS) Now Covered by StockNews.com

StockNews.com began coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a report issued on Thursday morning. The brokerage issued a hold rating on the stock.

American Shared Hospital Services Trading Up 4.6 %

American Shared Hospital Services stock opened at $3.16 on Thursday. The firm has a market cap of $20.29 million, a P/E ratio of 5.27 and a beta of 0.67. American Shared Hospital Services has a 12-month low of $2.33 and a 12-month high of $4.60. 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 raised its holdings in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,501 shares of the company’s stock after purchasing an additional 13,201 shares during the quarter. Renaissance Technologies LLC owned 0.88% of American Shared Hospital Services worth $177,000 as of its most recent SEC filing. Institutional investors and hedge funds own 23.16% of the company’s stock.

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.