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

Investment analysts at StockNews.com started coverage on shares of Universal Security Instruments (NYSE:UUU) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Universal Security Instruments Stock Up 0.3 %

Shares of UUU opened at $1.99 on Tuesday. The stock has a market capitalization of $4.60 million, a price-to-earnings ratio of -3.55 and a beta of 0.74. Universal Security Instruments has a 1-year low of $1.11 and a 1-year high of $2.47. The firm’s fifty day moving average is $2.23.

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 fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

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.