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

Stock analysts at StockNews.com started coverage on shares of Allied Healthcare Products (NASDAQ:AHPI) in a research note issued to investors on Friday. The brokerage set a “sell” rating on the medical equipment provider’s stock.

Allied Healthcare Products Stock Performance

Allied Healthcare Products has a twelve month low of $0.00 and a twelve month high of $3.46. The company has a market cap 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.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Allied Healthcare Products stock. Millennium Management LLC acquired a new position in shares of Allied Healthcare Products, Inc. (NASDAQ:AHPI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 15,578 shares of the medical equipment provider’s stock, valued at approximately $25,000. Millennium Management LLC owned about 0.39% of Allied Healthcare Products at the end of the most recent quarter. Institutional investors and hedge funds own 4.15% of the company’s stock.

Allied Healthcare Products Company Profile

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.