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

StockNews.com began coverage on shares of Universal Security Instruments (NYSE:UUU) in a report issued on Friday morning. The firm issued a hold rating on the stock.

Universal Security Instruments Price Performance

Shares of NYSE:UUU opened at $1.94 on Friday. The firm has a fifty day moving average price of $2.08. Universal Security Instruments has a 52 week low of $1.11 and a 52 week high of $2.47. The firm has a market cap of $4.49 million, a P/E ratio of -3.46 and a beta of 0.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Universal Security Instruments stock. Raymond James Financial Inc. acquired a new stake in Universal Security Instruments, Inc. (NYSE:UUU) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the 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.