StockNews.com Begins Coverage on American Shared Hospital Services (NYSEAMERICAN:AMS)

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

American Shared Hospital Services Stock Down 0.9 %

Shares of NYSEAMERICAN:AMS opened at $3.22 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market cap of $20.67 million, a PE ratio of 5.37 and a beta of 0.67. American Shared Hospital Services has a 1 year low of $2.33 and a 1 year high of $4.60.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Shared Hospital Services stock. Dimensional Fund Advisors LP raised its stake in American Shared Hospital Services (NYSEAMERICAN:AMS) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,637 shares of the company’s stock after purchasing an additional 8,436 shares during the quarter. Dimensional Fund Advisors LP owned about 2.84% of American Shared Hospital Services worth $574,000 at the end of the most recent quarter. Hedge funds and other 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.