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

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

Universal Security Instruments Stock Performance

Shares of NYSE UUU opened at $1.99 on Tuesday. The company’s 50-day moving average is $2.23. The stock has a market cap of $4.59 million, a P/E ratio of -3.54 and a beta of 0.74. 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. acquired a new stake in Universal Security Instruments, Inc. (NYSE:UUU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 reporting period.

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.