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

StockNews.com began coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS – Get Rating) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the stock.

American Shared Hospital Services Stock Performance

AMS stock opened at $2.82 on Wednesday. The firm has a market cap of $17.35 million, a PE ratio of 13.43 and a beta of 0.86. 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 business has a 50 day moving average of $3.14 and a 200-day moving average of $2.89. American Shared Hospital Services has a 12-month low of $2.18 and a 12-month high of $3.75.

Hedge Funds Weigh In On American Shared Hospital Services

Several institutional investors and hedge funds have recently bought and sold shares of the company. CI Private Wealth LLC purchased a new stake in shares of American Shared Hospital Services during the fourth quarter worth $470,000. Dimensional Fund Advisors LP raised its position in shares of American Shared Hospital Services by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 158,681 shares of the company’s stock worth $465,000 after buying an additional 5,899 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of American Shared Hospital Services by 34.6% in the fourth quarter. Renaissance Technologies LLC now owns 26,000 shares of the company’s stock worth $76,000 after buying an additional 6,679 shares in the last quarter. Finally, Canton Hathaway LLC raised its position in shares of American Shared Hospital Services by 100.0% in the fourth quarter. Canton Hathaway LLC now owns 20,000 shares of the company’s stock worth $59,000 after buying an additional 10,000 shares in the last quarter. 13.25% of the stock is owned by 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.