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

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

Universal Security Instruments Price Performance

Shares of NYSE:UUU opened at $1.80 on Thursday. The stock has a market cap of $4.16 million, a price-to-earnings ratio of -3.21 and a beta of 0.66. The stock’s 50 day moving average price is $2.13. Universal Security Instruments has a 12 month low of $1.11 and a 12 month high of $2.47.

Hedge Funds Weigh In On Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Raymond James Financial Inc. bought a new stake in Universal Security Instruments, Inc. (NYSE:UUU) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 73,513 shares of the company’s stock, valued at approximately $174,000. Raymond James Financial Inc. owned 3.18% of Universal Security Instruments as of its most recent filing with the Securities & Exchange Commission.

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.