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

American Shared Hospital Services (NYSEAMERICAN:AMS)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $2.77. American Shared Hospital Services shares last traded at $2.75, with a volume of 9,420 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on American Shared Hospital Services in a research note on Tuesday, January 14th. They issued a “hold” rating on the stock.

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 $17.66 million, a PE ratio of 4.58 and a beta of 0.66.

Hedge Funds Weigh In On American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Renaissance Technologies LLC lifted its position in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,225 shares of the company’s stock after purchasing an additional 3,776 shares during the period. Renaissance Technologies LLC owned 1.11% of American Shared Hospital Services worth $227,000 as of its most recent filing with the Securities and Exchange Commission. 23.16% of the stock is currently 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.