Begins Coverage on Allied Healthcare Products (NASDAQ:AHPI) assumed coverage on shares of Allied Healthcare Products (NASDAQ:AHPIFree Report) in a research note released on Thursday. The brokerage issued a sell rating on the medical equipment provider’s stock.

Allied Healthcare Products Stock Performance

The stock has a market capitalization of $16,000.00, a P/E ratio of 0.00 and a beta of -2.39. Allied Healthcare Products has a 1 year low of $0.00 and a 1 year high of $3.46. The firm has a 50 day simple moving average of $0.01 and a two-hundred day simple moving average of $0.01.

Institutional Investors Weigh In On Allied Healthcare Products

An institutional investor recently raised its position in Allied Healthcare Products stock. Renaissance Technologies LLC raised its position in shares of Allied Healthcare Products, Inc. (NASDAQ:AHPIFree Report) by 14.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,700 shares of the medical equipment provider’s stock after acquiring an additional 7,900 shares during the period. Renaissance Technologies LLC owned approximately 1.56% of Allied Healthcare Products worth $201,000 at the end of the most recent reporting period. 4.15% of the stock is currently owned by hedge funds and other institutional investors.

About Allied Healthcare Products

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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.

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