American Shared Hospital Services (NYSEAMERICAN:AMS) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of American Shared Hospital Services (NYSEAMERICAN:AMS) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $2.97. American Shared Hospital Services shares last traded at $2.96, with a volume of 3,605 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on American Shared Hospital Services in a report on Tuesday, January 14th. They set a “hold” rating for the company.

American Shared Hospital Services Price Performance

The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The company has a market cap of $19.00 million, a P/E ratio of 4.93 and a beta of 0.66.

Hedge Funds Weigh In On American Shared Hospital Services

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC grew its holdings in American Shared Hospital Services (NYSEAMERICAN:AMS) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,225 shares of the company’s stock after acquiring an additional 3,776 shares during the quarter. Renaissance Technologies LLC owned 1.11% of American Shared Hospital Services worth $227,000 at the end of the most recent reporting period. Institutional investors own 23.16% of the company’s stock.

American Shared Hospital Services Company Profile

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.