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

American Shared Hospital Services (NYSEAMERICAN:AMS)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated 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 Trading Down 0.3 %

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 firm has a market capitalization of $19.00 million, a PE ratio of 4.93 and a beta of 0.66.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Shared Hospital Services stock. Renaissance Technologies LLC grew its holdings in American Shared Hospital Services (NYSEAMERICAN:AMS) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,225 shares of the company’s stock after buying an additional 3,776 shares during the period. Renaissance Technologies LLC owned 1.11% of American Shared Hospital Services worth $227,000 at the end of the most recent quarter. 23.16% of the stock is owned by 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.