StockNews.com Begins Coverage on Universal Security Instruments (NYSE:UUU)

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

Universal Security Instruments Trading Down 0.5%

Universal Security Instruments stock opened at $2.12 on Friday. Universal Security Instruments has a 12-month low of $1.11 and a 12-month high of $2.47. The stock has a market cap of $4.90 million, a P/E ratio of -3.79 and a beta of -0.21. The company has a 50-day moving average price of $1.94 and a 200 day moving average price of $2.09.

Institutional Investors Weigh In On Universal Security Instruments

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

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.