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

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

Universal Security Instruments Stock Down 0.9 %

UUU stock opened at $2.16 on Friday. The firm’s 50 day simple moving average is $2.28. Universal Security Instruments has a 52-week low of $1.11 and a 52-week high of $2.47. The stock has a market capitalization of $4.99 million, a price-to-earnings ratio of -19.64 and a beta of 0.74.

Institutional Inflows and Outflows

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

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.