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

StockNews.com started coverage on shares of Allied Healthcare Products (NASDAQ:AHPI) in a report released on Friday. The brokerage issued a sell rating on the medical equipment provider’s stock.

Allied Healthcare Products Stock Performance

Allied Healthcare Products has a 12 month low of $0.00 and a 12 month high of $3.46. The company 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 simple moving average is $0.01.

Hedge Funds Weigh In On Allied Healthcare Products

A hedge fund recently raised its stake in Allied Healthcare Products stock. Renaissance Technologies LLC lifted its stake in shares of Allied Healthcare Products, Inc. (NASDAQ:AHPI) by 14.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,700 shares of the medical equipment provider’s stock after purchasing an additional 7,900 shares during the quarter. Renaissance Technologies LLC owned about 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 institutional investors.

About Allied Healthcare Products

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.