Allied Healthcare Products (NASDAQ:AHPI) Now Covered by started coverage on shares of Allied Healthcare Products (NASDAQ:AHPIGet Rating) in a note issued to investors on Monday. The firm set a “sell” rating on the medical equipment provider’s stock.

Separately, TheStreet cut shares of Allied Healthcare Products from a “c” rating to a “d” rating in a report on Wednesday, February 16th.

Shares of Allied Healthcare Products stock opened at $2.31 on Monday. The business has a 50-day moving average of $2.91 and a 200 day moving average of $4.13. The stock has a market capitalization of $9.26 million, a price-to-earnings ratio of -9.24 and a beta of -3.84. Allied Healthcare Products has a 12 month low of $2.27 and a 12 month high of $16.41.

Allied Healthcare Products (NASDAQ:AHPIGet Rating) last released its earnings results on Monday, February 14th. The medical equipment provider reported ($0.29) earnings per share (EPS) for the quarter. Allied Healthcare Products had a negative net margin of 3.45% and a negative return on equity of 10.69%. The company had revenue of $6.81 million during the quarter.

A number of hedge funds have recently made changes to their positions in AHPI. Renaissance Technologies LLC raised its position in Allied Healthcare Products by 5.3% in the 3rd quarter. Renaissance Technologies LLC now owns 49,700 shares of the medical equipment provider’s stock valued at $343,000 after purchasing an additional 2,500 shares during the last quarter. Squarepoint Ops LLC bought a new position in Allied Healthcare Products in the third quarter valued at approximately $80,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Allied Healthcare Products in the third quarter valued at approximately $117,000. Finally, Dimensional Fund Advisors LP acquired a new position in Allied Healthcare Products during the fourth quarter worth $249,000.

About Allied Healthcare Products (Get Rating)

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.

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