StockNews.com Initiates Coverage on Allied Healthcare Products (NASDAQ:AHPI)

StockNews.com started coverage on shares of Allied Healthcare Products (NASDAQ:AHPI) in a research report sent to investors on Monday. The brokerage issued a sell rating on the medical equipment provider’s stock.

Allied Healthcare Products Price Performance

Shares of Allied Healthcare Products stock opened at $0.00 on Monday. Allied Healthcare Products has a twelve month low of $0.00 and a twelve month high of $3.46. The stock has a market capitalization of $1,605.20, a price-to-earnings ratio of 0.00 and a beta of -2.39.

Hedge Funds Weigh In On Allied Healthcare Products

An institutional investor recently bought a new position in Allied Healthcare Products stock. Millennium Management LLC bought a new position in shares of Allied Healthcare Products, Inc. (NASDAQ:AHPI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,578 shares of the medical equipment provider’s stock, valued at approximately $25,000. Millennium Management LLC owned about 0.39% of Allied Healthcare Products at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.15% of the company’s stock.

About Allied Healthcare Products

Allied Healthcare Products, Inc engages in manufacturing respiratory products used in the health care industry in hospitals and alternate site settings, including sub-acute care facilities, home health care and emergency medical care. Its product line includes respiratory care products, medical gas equipment, and emergency medical products.