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

StockNews.com assumed coverage on shares of Allied Healthcare Products (NASDAQ:AHPI – Get Rating) in a research note issued to investors on Friday morning. The brokerage issued a sell rating on the medical equipment provider’s stock.

Allied Healthcare Products Stock Up 15.5 %

AHPI opened at $2.54 on Friday. The stock’s 50 day moving average price is $1.88 and its two-hundred day moving average price is $2.53. Allied Healthcare Products has a 12-month low of $1.55 and a 12-month high of $16.41.

Allied Healthcare Products (NASDAQ:AHPI – Get Rating) last released its earnings results on Monday, May 16th. The medical equipment provider reported ($0.32) earnings per share (EPS) for the quarter. The business had revenue of $6.87 million during the quarter. Allied Healthcare Products had a negative net margin of 6.68% and a negative return on equity of 20.93%.

Institutional Trading of Allied Healthcare Products

An institutional investor recently raised its position in Allied Healthcare Products stock. Renaissance Technologies LLC lifted its position in shares of Allied Healthcare Products, Inc. (NASDAQ:AHPI – Get Rating) by 14.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 approximately 1.56% of Allied Healthcare Products worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Allied Healthcare Products Company Profile

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Allied Healthcare Products, Inc manufactures and markets respiratory products for use in the health care industry in a range of hospitals and alternate site settings worldwide. The company offers respiratory care/anesthesia products, including air compressors, calibration equipment, humidifiers, croup tents, and equipment dryers, as well as respiratory disposable products, such as oxygen tubing products, facemasks, cannulas, and ventilator circuits; and home respiratory care products comprising aluminum oxygen cylinders, oxygen regulators, pneumatic nebulizers, portable suction equipment, and a line of respiratory disposable products.