Universal Security Instruments (NYSEAMERICAN:UUU) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Universal Security Instruments (NYSEAMERICAN:UUU) in a research report released on Sunday. The brokerage issued a buy rating on the stock.

Separately, TheStreet upgraded shares of Universal Security Instruments from a d+ rating to a c- rating in a report on Monday, September 25th.

Universal Security Instruments Trading Up 1.4 %

NYSEAMERICAN:UUU opened at $3.64 on Friday. The company has a 50-day moving average price of $2.52. Universal Security Instruments has a 1-year low of $1.50 and a 1-year high of $5.20.

Universal Security Instruments (NYSEAMERICAN:UUU) last posted its earnings results on Friday, August 18th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $6.70 million for the quarter. Universal Security Instruments had a net margin of 4.09% and a return on equity of 19.18%.

Hedge Funds Weigh In On Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Geneos Wealth Management Inc. bought a new position in shares of Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 32,800 shares of the company’s stock, valued at approximately $139,000. Geneos Wealth Management Inc. owned 1.42% of Universal Security Instruments as of its most recent SEC filing.

About Universal Security Instruments

Universal Security Instruments, Inc, together with its subsidiary, engages in the design, marketing, and distribution of safety and security products for use in homes and businesses in the United States and internationally. It offers a line of safety alarms, including units powered by 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.