Universal Security Instruments (NYSE:UUU) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Universal Security Instruments (NYSE:UUU) in a research note issued to investors on Tuesday. The firm issued a hold rating on the stock.

Universal Security Instruments Price Performance

Shares of Universal Security Instruments stock opened at $1.99 on Tuesday. The company has a market capitalization of $4.59 million, a P/E ratio of -3.54 and a beta of 0.74. The business has a 50-day moving average price of $2.23. Universal Security Instruments has a one year low of $1.11 and a one year high of $2.47.

Hedge Funds Weigh In On Universal Security Instruments

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

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.