What Is Driving Allied Healthcare Products' Shares To Surge 65%?

Shares of nano-cap company Allied Healthcare Products, Inc. (AHPI) are surging over 65% on Friday morning despite no stock-specific news statement from the company.

AHPI is currently trading at $8.95, up $3.57 or 66.29%, on the Nasdaq, on a heavy volume of 28.2 million shares, above average volume of 414 thousand shares. In the 52-week period, the stock has traded between $3.45 and $16.41.

Allied Healthcare Products 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.

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