Allied Healthcare Products (NASDAQ:AHPI) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Allied Healthcare Products (NASDAQ:AHPI) in a research note issued to investors on Wednesday. The firm issued a sell rating on the medical equipment provider’s stock.

Allied Healthcare Products Stock Performance

The company’s fifty day simple moving average is $0.01. 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 $16,000.00, a PE ratio of 0.00 and a beta of -2.39.

Hedge Funds Weigh In On Allied Healthcare Products

An institutional investor recently raised its position in Allied Healthcare Products stock. Renaissance Technologies LLC raised its holdings in shares of Allied Healthcare Products, Inc. (NASDAQ:AHPI) by 14.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,700 shares of the medical equipment provider’s stock after acquiring an additional 7,900 shares during the quarter. Renaissance Technologies LLC owned approximately 1.56% of Allied Healthcare Products worth $201,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 4.15% of the company’s stock.

Allied Healthcare Products Company Profile

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.