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 released on Sunday. The brokerage issued a hold rating on the stock.

American Shared Hospital Services Trading Down 3.9 %

AMS opened at $3.45 on Friday. The firm has a market cap of $22.15 million, a price-to-earnings ratio of 5.75 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. American Shared Hospital Services has a fifty-two week low of $2.33 and a fifty-two week high of $4.60.

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 boosted its holdings in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% in the second quarter, according to its most recent filing with the SEC. 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 SEC. 23.16% of the stock is currently owned by 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.