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

Equities researchers at StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS – Get Rating) in a research report issued on Friday. The brokerage set a “hold” rating on the stock.

American Shared Hospital Services Stock Performance

Shares of AMS opened at $2.82 on Friday. The company has a 50-day simple moving average of $3.14 and a 200-day simple moving average of $2.89. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $17.35 million, a PE ratio of 13.43 and a beta of 0.86. American Shared Hospital Services has a 52-week low of $2.18 and a 52-week high of $3.75.

Hedge Funds Weigh In On American Shared Hospital Services

Hedge funds have recently added to or reduced their stakes in the business. Canton Hathaway LLC purchased a new position in American Shared Hospital Services during the 3rd quarter valued at about $26,000. Renaissance Technologies LLC increased its holdings in American Shared Hospital Services by 26.3% during 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American Shared Hospital Services by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 158,681 shares of the company’s stock worth $465,000 after purchasing an additional 5,899 shares during the last quarter. Finally, CI Private Wealth LLC acquired a new stake in shares of American Shared Hospital Services during the 4th quarter worth about $470,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

American Shared Hospital Services Company Profile

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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.