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

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

American Shared Hospital Services Stock Performance

Shares of AMS opened at $2.44 on Monday. American Shared Hospital Services has a 52 week low of $2.16 and a 52 week high of $3.75. The company has a quick ratio of 2.97, a current ratio of 2.03 and a debt-to-equity ratio of 0.40. The stock has a market cap of $15.37 million, a P/E ratio of 34.86 and a beta of 0.69. The business’s 50 day moving average price is $2.61 and its 200-day moving average price is $2.85.

American Shared Hospital Services (NYSEAMERICAN:AMS) last issued its earnings results on Monday, November 13th. The company reported $0.02 earnings per share (EPS) for the quarter. American Shared Hospital Services had a net margin of 2.13% and a return on equity of 3.95%. The business had revenue of $5.13 million during the quarter.

Institutional Investors Weigh In On American Shared Hospital Services

Several hedge funds and other institutional investors have recently modified their holdings of AMS. Renaissance Technologies LLC increased 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 in the last quarter. Citadel Advisors LLC increased its stake in American Shared Hospital Services by 140.0% in the 2nd quarter. Citadel Advisors LLC now owns 33,223 shares of the company’s stock worth $85,000 after buying an additional 19,381 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in American Shared Hospital Services by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 158,681 shares of the company’s stock valued at $465,000 after acquiring an additional 5,899 shares during the period. Finally, CI Private Wealth LLC purchased a new position in shares of American Shared Hospital Services in the fourth quarter valued at about $470,000. 17.54% of the stock is currently owned by hedge funds and other institutional investors.

About American Shared Hospital Services

American Shared Hospital Services provides radiosurgery and radiation therapy equipment to health care providers. 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.