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

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

American Shared Hospital Services Stock Performance

NYSEAMERICAN:AMS opened at $2.82 on Friday. The company’s 50-day moving average is $3.14 and its two-hundred day moving average is $2.89. The firm has a market capitalization of $17.35 million, a price-to-earnings ratio of 13.43 and a beta of 0.86. American Shared Hospital Services has a 1-year low of $2.18 and a 1-year high of $3.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.95 and a quick ratio of 3.95.

Institutional Investors Weigh In On American Shared Hospital Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in shares of American Shared Hospital Services by 26.3% in the 3rd quarter. Renaissance Technologies LLC now owns 19,321 shares of the company’s stock valued at $50,000 after acquiring an additional 4,021 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of American Shared Hospital Services by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 158,681 shares of the company’s stock valued at $465,000 after acquiring an additional 5,899 shares during the period. Canton Hathaway LLC raised its stake in shares of American Shared Hospital Services by 100.0% in the 4th quarter. Canton Hathaway LLC now owns 20,000 shares of the company’s stock valued at $59,000 after acquiring an additional 10,000 shares during the period. Finally, CI Private Wealth LLC purchased a new stake in shares of American Shared Hospital Services in the 4th quarter valued at approximately $470,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

About American Shared Hospital Services

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American Shared Hospital Services engages in leasing radiosurgery and radiation therapy equipment to healthcare providers. Its equipment includes Gamma Knife, PBRT, and IGRT. The Gamma Knife radiosurgery equipment is a non-invasive treatment for malignant and benign brain tumors, vascular malformations and trigeminal neuralgia.