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

StockNews.com assumed coverage on shares of Universal Security Instruments (NYSE:UUU) in a research note released on Saturday. The brokerage issued a hold rating on the stock.

Universal Security Instruments Stock Down 0.2 %

UUU stock opened at $1.78 on Friday. Universal Security Instruments has a fifty-two week low of $1.11 and a fifty-two week high of $2.47. The company has a market cap of $4.12 million, a PE ratio of -3.18 and a beta of 0.66. The stock’s fifty day moving average price is $2.02.

Institutional Inflows and Outflows

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

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.