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 note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Universal Security Instruments Price Performance

Shares of Universal Security Instruments stock opened at $1.88 on Thursday. The stock has a market cap of $4.35 million, a price-to-earnings ratio of -3.36 and a beta of 0.66. Universal Security Instruments has a twelve month low of $1.11 and a twelve month high of $2.47. The company has a 50-day moving average of $2.13.

Institutional Trading of Universal Security Instruments

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

About Universal Security Instruments

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.