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

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

Universal Security Instruments Stock Up 6.6 %

NYSE:UUU opened at $1.94 on Friday. Universal Security Instruments has a 1-year low of $1.11 and a 1-year high of $2.47. The firm has a market capitalization of $4.49 million, a price-to-earnings ratio of -3.46 and a beta of 0.66. The company’s fifty day simple moving average is $2.08.

Institutional Trading of Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Raymond James Financial Inc. purchased a new stake in Universal Security Instruments, Inc. (NYSE:UUU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and 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.