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

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

Universal Security Instruments Price Performance

Shares of Universal Security Instruments stock opened at $1.94 on Friday. The firm has a fifty day simple moving average of $2.08. The company has a market cap of $4.49 million, a price-to-earnings ratio of -3.46 and a beta of 0.66. Universal Security Instruments has a 52-week low of $1.11 and a 52-week high of $2.47.

Institutional Trading of Universal Security Instruments

An institutional investor recently bought a new position in Universal Security Instruments stock. Raymond James Financial Inc. bought a new stake in Universal Security Instruments, Inc. (NYSE:UUU) during the 4th quarter, according to the company in its most recent 13F filing with the 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 as of its most recent filing with the SEC.

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.