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

StockNews.com began coverage on shares of Universal Security Instruments (NYSE:UUU) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the stock.

Universal Security Instruments Stock Performance

Shares of UUU opened at $1.91 on Wednesday. The firm has a 50 day simple moving average of $2.20. Universal Security Instruments has a 52-week low of $1.11 and a 52-week high of $2.47. The firm has a market cap of $4.42 million, a price-to-earnings ratio of -3.41 and a beta of 0.74.

Institutional Investors Weigh In On Universal Security Instruments

An institutional investor recently bought a new position in Universal Security Instruments stock. Raymond James Financial Inc. purchased a new stake in shares of Universal Security Instruments, Inc. (NYSE:UUU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 at the end of the most recent quarter.

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.