Universal Security Instruments (NYSE:UUU) Now Covered by Analysts at StockNews.com

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

Universal Security Instruments Trading Down 0.5%

Shares of NYSE UUU opened at $2.12 on Friday. The stock has a fifty day moving average price of $1.94 and a 200 day moving average price of $2.09. Universal Security Instruments has a 12-month low of $1.11 and a 12-month high of $2.47. The company has a market cap of $4.90 million, a P/E ratio of -3.79 and a beta of -0.21.

Hedge Funds Weigh In On Universal Security Instruments

An institutional investor recently bought a new position in Universal Security Instruments stock. Raymond James Financial Inc. bought a new position in shares of Universal Security Instruments, Inc. (NYSE:UUU) during the fourth quarter, according to its most recent Form 13F 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 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.