Allied Healthcare Products (NASDAQ:AHPI) Earns Sell Rating from Analysts at StockNews.com

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

Allied Healthcare Products Trading Up 18.3 %

Shares of NASDAQ:AHPI opened at $2.20 on Friday. The company has a market capitalization of $8.82 million, a PE ratio of -4.68 and a beta of -3.16. The firm has a 50 day simple moving average of $1.87 and a 200-day simple moving average of $2.54. Allied Healthcare Products has a twelve month low of $1.55 and a twelve month high of $16.41.

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

Institutional Trading of Allied Healthcare Products

A hedge fund recently raised its stake in Allied Healthcare Products stock. Renaissance Technologies LLC raised its stake in Allied Healthcare Products, Inc. (NASDAQ:AHPI – Get Rating) by 14.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 62,700 shares of the medical equipment provider’s stock after buying 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 SEC filing.

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.