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Tag: AHPI

  • Allied Helathcare Products, Inc. (AHPI) Stock Making Moves Pre Market Despite No Clear Reason

    Allied Helathcare Products, Inc. (AHPI) Stock Making Moves Pre Market Despite No Clear Reason

    Allied Healthcare Products, Inc. (AHPI) is one of the leading companies which manufacture and markets respiratory products which are used in healthcare industry. Some of the key manufactures of the company include medical gas equipment, respiratory care products and emergency medical products. Several products come under the category of medical gas equipment such as disposable oxygen and specialty gas cylinders, portable suction products (flowmeters, vacuum regulators and pressure regulators) along with medical gas system construction and regulation devices. Company’s respiratory care product range is used in acute to chronic respiratory malfunctions such as asthama, emphysema, pneumonia, and bronchitis and includes nebulizers, humidifiers and air compressors. The emergency medical product line includes resuscitation devices, trauma and patient handling products (bag masks, minilators, mutilators, trauma burn kits) which are used treatment of trauma induced wounds.

    The price of AHPI stock at regular trading session of December 15, 2021 was $5.48 with an impressive surge of 7.24 %. The stock was up by 11.11% in the after market session but, at last check in pre market it was up 2.2%.

    Events and Happenings

    On October 13, 2021, AHPI reported that w.e.f October 7, 2021, the Company and North Mill revised the Credit Contract to surge the availability under the loan based on inventory. The inventory advance rate remained at 25%. This increase in borrowing capacity allowed AHPI to incline its borrowing under the Credit contract to meet its needs of working capital.

    On October 8, 2021, AHPI reported that the Annual Meeting of Stockholders of the company to be held on November 11, 2021. The agenda points of the meeting were the election of five directors, approval of company’s public accounting firm, an advisory vote to approve company’s executive compensation, and the transaction of other such business which may come before the meeting or any adjournment thereof.

    Key Financials

    On September 28, 2021, AHPI reported the financials for the company’s fiscal year ended June 30, 2021. Some of the key financial features are as follows

    Gross Profit

    During fiscal 2021 the gross profit reported was $7.1 million, as compared to gross profit of $5.6 million, for the same fiscal 2020.

    Net Income per Share

    Net income for fiscal 2021 was $1.7 million or $0.42 per basic and diluted earnings per share as opposed to a net loss of $3.0 million, or $0.75 per basic and diluted earnings per share during the same period of 2020.

    Total Assets

    The total assets reported for the company for fiscal 2021 were $17 million as compared to the same period of 2020 when the total assets were $19 million.

    Conclusion

    The current market conditions are quite favorable for AHPI. The company saw a notable increase in stock price (8.3%) from the last month mainly due to uncertain reasons. The investors are hoping that the company will reap the benefit of current positive market situation.

  • Allied Health Products, Inc. (AHPI) stock plunged in the premarket trading session; here’s why

    In the latest premarket trading session, shares of AHPI had plunged by 1.83% to trade at the price of $6.16. The AHPI stock had surged by 14.42% to close Monday’s session at $6.27. The stock volume traded 5.73 million shares. This was higher than the average trade volume of 4.73 million for the past 90 days. In the past year, AHPI shares have dropped by -43.51% and in the past week, they have dropped by -24.64%. In the past three and six months, the stock has climbed by 29.81% and shed -3.39%. Further, the value of AHPI is currently marketed at $28.40 million. The outstanding shares total 4.01 million.

    A glance into Allied Healthcare Products as a company

    Allied Healthcare Products Inc. is a Medical Devices company. It specifically focuses on the production of respiratory products as well as their marketing. The company enters the health care industry by creating a client base of hospitals as well as site settings worldwide. The AHI stock’s healthcare products include a list of anesthetic products, respiratory products, and oxygen tubing products, facemasks, ventilator circuits, and cannulas. The company also provides a line of disposable and home-based respiratory products which include oxygen cylinders, portable suction equipment, etc.

    The AHPI stock provides medical gas equipment which includes construction products that incorporate development items comprising of in-divider clinical framework parts, focal station siphons, and blowers, and headwalls; guideline gadgets and pull gear including flow-meters, vacuum controllers, and pressing factor controllers, just as related connectors, fittings, and hoses that action, direct, screen, and move clinical gases from walled channeling or hardware to patients; and expendable oxygen chambers to give oxygen to brief periods. It serves clinics, clinic hardware sellers, clinic development project workers, home medical care vendors, crisis clinical items sellers, and others. Associated Healthcare Products, Inc. was consolidated in 1979 and is settled in St. Louis, Missouri.

    A surge in the healthcare market due to delta variant

    The AHPI stock is recently focusing on the production of respiratory care devices. Specifically, Allied Healthcare Products Inc. wants to focus on the massive ventilation demand. This demand has been spiking up due to the coronavirus spike. The delta wave is a new wave that has been surging and causing a new stir in the pandemic. This is leading to new cases of corona-infected people furthermore; the efficacy against the delta strain is being placed into question for the existing vaccines.

    How can this potentially increase the price for AHPI stock?

    With these uncertainties and worries, Allied Heatlhcare Products Inc.’s product offerings especially ventilator systems can be in high need in the healthcare market. In 2020, the company had designed its products that would better handle the increased number of ventilation. These new developments in the market and the pandemic may be the reason behind the surge of healthcare stocks like that of AHPI.