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

StockNews.com initiated coverage on shares of Allied Healthcare Products (NASDAQ:AHPIFree Report) in a research report released on Thursday morning. The firm issued a sell rating on the medical equipment provider’s stock.

Allied Healthcare Products Price Performance

The stock has a market capitalization of $16,000.00, a price-to-earnings ratio of 0.00 and a beta of -2.39. The firm’s 50-day moving average price is $0.01 and its 200 day moving average price is $0.01. Allied Healthcare Products has a 12 month low of $0.00 and a 12 month high of $3.46.

Institutional Trading of Allied Healthcare Products

A hedge fund recently bought a new stake in Allied Healthcare Products stock. Millennium Management LLC purchased a new position in shares of Allied Healthcare Products, Inc. (NASDAQ:AHPIFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter. 4.15% of the stock is currently owned by institutional investors.

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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