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

StockNews.com began coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research note released on Tuesday morning. The firm issued a hold rating on the stock.

American Shared Hospital Services Stock Down 4.3 %

NYSEAMERICAN AMS opened at $3.15 on Tuesday. The firm has a market cap of $20.22 million, a price-to-earnings 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. American Shared Hospital Services has a 1 year low of $2.33 and a 1 year high of $4.60.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC raised its stake in American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,501 shares of the company’s stock after purchasing an additional 13,201 shares during the period. Renaissance Technologies LLC owned 0.88% of American Shared Hospital Services worth $177,000 at the end of the most recent quarter. Institutional investors own 23.16% of the company’s stock.

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.