TheStreet Downgrades Allied Healthcare Products (NASDAQ:AHPI) to D

Allied Healthcare Products (NASDAQ:AHPI) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.

Shares of AHPI opened at $4.10 on Wednesday. The company has a fifty day simple moving average of $4.31. The company has a quick ratio of 0.44, a current ratio of 1.52 and a debt-to-equity ratio of 0.01. Allied Healthcare Products has a 52-week low of $3.45 and a 52-week high of $14.87.

Allied Healthcare Products (NASDAQ:AHPI) last issued its quarterly earnings data on Friday, May 14th. The medical equipment provider reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $7.97 million during the quarter. Allied Healthcare Products had a negative net margin of 1.07% and a negative return on equity of 4.49%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in Allied Healthcare Products in the fourth quarter valued at approximately $37,000. Credit Suisse AG acquired a new position in shares of Allied Healthcare Products in the fourth quarter valued at approximately $57,000. GSA Capital Partners LLP acquired a new stake in Allied Healthcare Products during the first quarter worth approximately $82,000. Finally, Citadel Advisors LLC grew its position in Allied Healthcare Products by 259.4% during the first quarter. Citadel Advisors LLC now owns 44,400 shares of the medical equipment provider’s stock worth $210,000 after buying an additional 32,047 shares in the last quarter. Institutional investors and hedge funds own 6.19% of the company’s stock.

Allied Healthcare Products Company Profile

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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