StockNews.com started coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS – Free Report) in a report issued on Friday morning. The firm issued a hold rating on the stock.
American Shared Hospital Services Stock Down 1.3 %
NYSEAMERICAN AMS opened at $3.05 on Friday. The firm has a market capitalization of $19.40 million, a price-to-earnings ratio of 5.08 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.92 and a current ratio of 1.92. American Shared Hospital Services has a 12-month low of $2.32 and a 12-month high of $4.60.
Institutional Investors Weigh In On American Shared Hospital Services
Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in American Shared Hospital Services by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 179,637 shares of the company’s stock valued at $574,000 after purchasing an additional 8,436 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of American Shared Hospital Services during the 1st quarter valued at about $31,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of American Shared Hospital Services by 31.2% in the 2nd quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock valued at $177,000 after buying an additional 13,201 shares during the period. Hedge funds and other institutional investors own 23.16% of the company’s stock.
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.
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