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

Equities researchers at StockNews.com assumed coverage on shares of Universal Security Instruments (NYSE:UUU) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.

Universal Security Instruments Trading Up 2.8 %

Universal Security Instruments stock opened at $1.84 on Thursday. Universal Security Instruments has a 12-month low of $1.11 and a 12-month high of $2.47. The firm has a market capitalization of $4.26 million, a PE ratio of -3.29 and a beta of 0.66. The stock’s 50-day moving average price is $2.15.

Institutional Investors Weigh In On Universal Security Instruments

An institutional investor recently bought a new position in Universal Security Instruments stock. Raymond James Financial Inc. acquired a new position in shares of Universal Security Instruments, Inc. (NYSE:UUU) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

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.