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

StockNews.com started coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Price Performance

Shares of NYSEAMERICAN AMS opened at $2.70 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.34. American Shared Hospital Services has a 52-week low of $2.51 and a 52-week high of $4.60. The stock has a market capitalization of $17.33 million, a price-to-earnings ratio of 4.50 and a beta of 0.66.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC lifted its stake in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,225 shares of the company’s stock after purchasing an additional 3,776 shares during the quarter. Renaissance Technologies LLC owned about 1.11% of American Shared Hospital Services worth $227,000 at the end of the most recent reporting period. 23.16% of the stock is 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.