Allied Healthcare Products (NASDAQ:AHPI) Receives New Coverage from Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Allied Healthcare Products (NASDAQ:AHPI) in a research note issued to investors on Saturday. The brokerage set a “sell” rating on the medical equipment provider’s stock.

Allied Healthcare Products Stock Performance

The company has a 50 day moving average of $0.01. The stock has a market capitalization of $16,000.00, a price-to-earnings ratio of 0.00 and a beta of -2.39. Allied Healthcare Products has a 52 week low of $0.00 and a 52 week high of $3.46.

Institutional Investors Weigh In On Allied Healthcare Products

A hedge fund recently raised its stake in Allied Healthcare Products stock. Renaissance Technologies LLC raised its holdings in Allied Healthcare Products, Inc. (NASDAQ:AHPI) by 14.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,700 shares of the medical equipment provider’s stock after acquiring an additional 7,900 shares during the period. Renaissance Technologies LLC owned approximately 1.56% of Allied Healthcare Products worth $201,000 at the end of the most recent quarter. 4.15% of the stock is currently owned by hedge funds and other institutional investors.

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.