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

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

American Shared Hospital Services Stock Performance

NYSEAMERICAN:AMS opened at $2.80 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $17.98 million, a price-to-earnings ratio of 4.67 and a beta of 0.66. American Shared Hospital Services has a 12 month low of $2.64 and a 12 month high of $4.60.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC increased its stake in American Shared Hospital Services (NYSEAMERICAN:AMS) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,225 shares of the company’s stock after purchasing an additional 3,776 shares during the period. Renaissance Technologies LLC owned 1.11% of American Shared Hospital Services worth $227,000 as of its most recent SEC filing. 23.16% of the stock is currently owned by institutional investors and hedge funds.

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.