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

Investment analysts at StockNews.com assumed coverage on shares of Universal Security Instruments (NYSE:UUU) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.

Universal Security Instruments Price Performance

Shares of Universal Security Instruments stock opened at $1.85 on Friday. The stock’s fifty day simple moving average is $2.03. Universal Security Instruments has a 1 year low of $1.11 and a 1 year high of $2.47. The stock has a market cap of $4.27 million, a P/E ratio of -3.29 and a beta of 0.66.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Universal Security Instruments stock. Raymond James Financial Inc. purchased a new position in shares of Universal Security Instruments, Inc. (NYSE:UUU) in the 4th quarter, according to its most recent disclosure 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 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.