Universal Security Instruments (NYSE:UUU) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Universal Security Instruments (NYSE:UUU) in a research report issued on Saturday. The brokerage set a “hold” rating on the stock.

Universal Security Instruments Stock Up 3.7 %

NYSE UUU opened at $1.85 on Friday. The firm’s fifty day moving average is $2.03. The stock has a market capitalization of $4.27 million, a P/E ratio of -3.29 and a beta of 0.66. Universal Security Instruments has a fifty-two week low of $1.11 and a fifty-two week high of $2.47.

Hedge Funds Weigh In On Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Raymond James Financial Inc. bought a new stake in shares of Universal Security Instruments, Inc. (NYSE:UUU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

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.