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

StockNews.com assumed coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS – Get Rating) in a research note published on Wednesday morning. The brokerage issued a hold rating on the stock.

American Shared Hospital Services Stock Down 1.1 %

Shares of NYSEAMERICAN:AMS opened at $2.82 on Wednesday. The stock’s 50-day moving average price is $3.14 and its 200-day moving average price is $2.89. American Shared Hospital Services has a 12-month low of $2.18 and a 12-month high of $3.75. The stock has a market capitalization of $17.35 million, a P/E ratio of 13.43 and a beta of 0.86. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 0.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in shares of American Shared Hospital Services by 26.3% in the third quarter. Renaissance Technologies LLC now owns 19,321 shares of the company’s stock worth $50,000 after purchasing an additional 4,021 shares during the last quarter. Dimensional Fund Advisors LP grew its stake 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 purchasing an additional 5,899 shares during the last quarter. Canton Hathaway LLC grew its stake 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 purchasing an additional 10,000 shares during the last quarter. Finally, CI Private Wealth LLC bought a new stake in shares of American Shared Hospital Services in the fourth quarter worth about $470,000. 13.25% of the stock is owned by institutional investors.

About American Shared Hospital Services

(Get Rating)

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.