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

Stock analysts at StockNews.com initiated coverage on shares of Allied Healthcare Products (NASDAQ:AHPI – Get Rating) in a report issued on Friday. The firm set a “sell” rating on the medical equipment provider’s stock.

Allied Healthcare Products Price Performance

Shares of AHPI stock opened at $0.00 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.27 and a current ratio of 2.69. The company’s 50-day simple moving average is $0.37 and its two-hundred day simple moving average is $0.96. Allied Healthcare Products has a one year low of $0.00 and a one year high of $3.67.

Hedge Funds Weigh In On Allied Healthcare Products

A hedge fund recently bought a new stake in Allied Healthcare Products stock. Millennium Management LLC acquired a new stake in shares of Allied Healthcare Products, Inc. (NASDAQ:AHPI – Get Rating) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 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 filing with the Securities & Exchange Commission. 4.15% of the stock is 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.