Initiates Coverage on Allied Healthcare Products (NASDAQ:AHPI) started coverage on shares of Allied Healthcare Products (NASDAQ:AHPIFree Report) 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:AHPIFree Report) 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

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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.

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