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

StockNews.com started coverage on shares of Universal Security Instruments (NYSE:UUU) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Universal Security Instruments Price Performance

UUU opened at $2.27 on Tuesday. Universal Security Instruments has a one year low of $1.11 and a one year high of $2.47. The firm has a market capitalization of $5.24 million, a PE ratio of -20.64 and a beta of 0.73. The business’s 50-day moving average price is $2.07.

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.