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

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

American Shared Hospital Services Stock Performance

Shares of AMS opened at $3.22 on Wednesday. American Shared Hospital Services has a twelve month low of $2.33 and a twelve month high of $4.60. The stock has a market cap of $20.67 million, a PE ratio of 5.37 and a beta of 0.67. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.34.

Institutional Investors Weigh In On American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Dimensional Fund Advisors LP increased its holdings in American Shared Hospital Services (NYSEAMERICAN:AMS) by 4.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 179,637 shares of the company’s stock after purchasing an additional 8,436 shares during the period. Dimensional Fund Advisors LP owned approximately 2.84% of American Shared Hospital Services worth $574,000 as of its most recent SEC filing. 23.16% of the stock is owned by hedge funds and other 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.