Universal Security Instruments (NYSE:UUU) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Universal Security Instruments (NYSE:UUU) in a report issued on Wednesday. The brokerage issued a hold rating on the stock.

Universal Security Instruments Stock Down 3.0 %

Universal Security Instruments stock opened at $1.91 on Wednesday. The business’s 50 day moving average is $2.20. The firm has a market cap of $4.42 million, a price-to-earnings ratio of -3.41 and a beta of 0.74. Universal Security Instruments has a one year low of $1.11 and a one year high of $2.47.

Hedge Funds Weigh In On Universal Security Instruments

An institutional investor recently bought a new position in Universal Security Instruments stock. Raymond James Financial Inc. bought a new stake in Universal Security Instruments, Inc. (NYSE:UUU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 73,513 shares of the company’s stock, valued at approximately $174,000. Raymond James Financial Inc. owned approximately 3.18% of Universal Security Instruments as of its most recent SEC filing.

Universal Security Instruments Company Profile

Universal Security Instruments, Inc, together with its subsidiary, engages in the marketing and distribution of safety and security products in the United States. The company offers a line of safety alarms units, including replaceable batteries, sealed batteries, and battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ventilation products, ground fault circuit interrupters, and other electrical devices under the UNIVERSAL and USI Electric trade names.