Universal Security Instruments (NYSE:UUU) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Universal Security Instruments (NYSE:UUU) in a research report released on Wednesday. The firm issued a hold rating on the stock.

Universal Security Instruments Trading Up 0.9 %

Shares of NYSE:UUU opened at $1.74 on Wednesday. The company’s 50 day moving average is $2.18. The company has a market cap of $4.01 million, a P/E ratio of -3.10 and a beta of 0.66. Universal Security Instruments has a 12-month low of $1.11 and a 12-month high of $2.47.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Universal Security Instruments stock. Raymond James Financial Inc. purchased a new position in Universal Security Instruments, Inc. (NYSE:UUU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 73,513 shares of the company’s stock, valued at approximately $174,000. Raymond James Financial Inc. owned 3.18% of Universal Security Instruments at the end of the most recent reporting period.

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.