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

Equities research analysts at StockNews.com began coverage on shares of Allied Healthcare Products (NASDAQ:AHPIGet Rating) in a research note issued on Friday. The firm set a “sell” rating on the medical equipment provider’s stock.

Allied Healthcare Products Stock Performance

Shares of AHPI opened at $1.21 on Friday. The stock has a 50-day moving average price of $1.33 and a 200-day moving average price of $1.71. The company has a market cap of $4.83 million, a PE ratio of -0.90 and a beta of -2.61. Allied Healthcare Products has a 12-month low of $1.14 and a 12-month high of $9.82. The company has a current ratio of 2.69, a quick ratio of 1.27 and a debt-to-equity ratio of 1.52.

Allied Healthcare Products (NASDAQ:AHPIGet Rating) last announced its quarterly earnings data on Friday, October 7th. The medical equipment provider reported ($0.48) earnings per share for the quarter. Allied Healthcare Products had a negative net margin of 19.82% and a negative return on equity of 70.44%. The company had revenue of $6.02 million during the quarter.

Institutional Investors Weigh In On Allied Healthcare Products

An institutional investor recently bought a new position in Allied Healthcare Products stock. Millennium Management LLC purchased a new position in Allied Healthcare Products, Inc. (NASDAQ:AHPIGet Rating) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,578 shares of the medical equipment provider’s stock, valued at approximately $25,000. Millennium Management LLC owned approximately 0.39% of Allied Healthcare Products as of its most recent SEC filing.

Allied Healthcare Products Company Profile

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Allied Healthcare Products, Inc manufactures and markets respiratory products for use in the health care industry in a range of hospitals and alternate site settings worldwide. The company offers respiratory care/anesthesia products, including air compressors, calibration equipment, humidifiers, croup tents, and equipment dryers, as well as respiratory disposable products, such as oxygen tubing products, facemasks, cannulas, and ventilator circuits; and home respiratory care products comprising aluminum oxygen cylinders, oxygen regulators, pneumatic nebulizers, portable suction equipment, and a line of respiratory disposable products.

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