Allied Healthcare Products (NASDAQ: AHPI) stock had a 39% rise in heavy trading on Friday. However, there is no reason behind this growth as of yet. It appears to be another short squeeze game by retail investors. Anyway, AHPI stock is currently in an uptrend momentum, should you buy it now?
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. This can easily make it a hype target during the coronavirus pandemic.
AHPI stock had over 110 million in its trading volume on the last trading day, which was 16 times its average volume over the past three months, but the company still remains silent. Has the company made a big deal? we do not know. However, investors should see the stock cautiously.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.