American Shared Hospital Services (NYSEAMERICAN:AMS) Share Price Passes Above 200-Day Moving Average – Here’s Why

American Shared Hospital Services (NYSEAMERICAN:AMS)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $2.80. American Shared Hospital Services shares last traded at $2.68, with a volume of 22,498 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on American Shared Hospital Services in a report on Sunday. They issued a “hold” rating for the company.

American Shared Hospital Services Price Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $17.21 million, a price-to-earnings ratio of 4.47 and a beta of 0.66. The firm’s 50 day moving average is $2.77.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC boosted its stake in American Shared Hospital Services (NYSEAMERICAN:AMS) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing. 23.16% of the stock is owned by hedge funds and other 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.