Universal Security Instruments (NYSE:UUU) Earns Hold Rating from Analysts at StockNews.com

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

Universal Security Instruments Stock Performance

Shares of UUU stock opened at $1.82 on Friday. Universal Security Instruments has a one year low of $1.11 and a one year high of $2.47. The business has a 50 day moving average of $2.08. The firm has a market cap of $4.21 million, a price-to-earnings ratio of -3.25 and a beta of 0.66.

Hedge Funds Weigh In On Universal Security Instruments

An institutional investor recently bought a new position in Universal Security Instruments stock. Raymond James Financial Inc. purchased a new position in shares of Universal Security Instruments, Inc. (NYSE:UUU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 Securities & Exchange Commission.

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.