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

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

Allied Healthcare Products Trading Up 5.7 %

Shares of NASDAQ AHPI opened at $1.10 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.27 and a current ratio of 2.69. Allied Healthcare Products has a 52-week low of $0.80 and a 52-week high of $5.28. The firm has a 50 day moving average price of $1.09 and a two-hundred day moving average price of $1.48. The stock has a market cap of $4.43 million, a P/E ratio of -0.82 and a beta of -2.44.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Allied Healthcare Products stock. Renaissance Technologies LLC lifted its holdings in shares of Allied Healthcare Products, Inc. (NASDAQ:AHPIGet Rating) by 14.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 1.56% of Allied Healthcare Products worth $201,000 at the end of the most recent quarter. 4.15% of the stock is currently owned by institutional investors.

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.

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