Allied Healthcare Products (NASDAQ:AHPI) Coverage Initiated by Analysts at StockNews.com

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

Allied Healthcare Products Stock Performance

NASDAQ AHPI opened at $0.00 on Thursday. 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 $1,203.90, a PE ratio of 0.00 and a beta of -2.39.

Institutional Trading of Allied Healthcare Products

A hedge fund recently raised its stake in Allied Healthcare Products stock. Renaissance Technologies LLC increased its position in shares of Allied Healthcare Products, Inc. (NASDAQ:AHPI) by 14.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 4.15% of the company’s stock.

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.