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 note issued on Monday. The firm set a “hold” rating on the stock.

Universal Security Instruments Price Performance

Shares of UUU opened at $2.14 on Monday. The company has a market capitalization of $4.94 million, a PE ratio of -19.45 and a beta of 0.74. The stock’s 50 day simple moving average is $2.27. Universal Security Instruments has a 12 month low of $1.11 and a 12 month high of $2.47.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Universal Security Instruments stock. Raymond James Financial Inc. bought a new stake in Universal Security Instruments, Inc. (NYSE:UUU) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 73,513 shares of the company’s stock, valued at approximately $174,000. Raymond James Financial Inc. owned 3.18% of Universal Security Instruments as of its most recent SEC filing.

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.