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

Research analysts at StockNews.com initiated coverage on shares of Universal Security Instruments (NYSE:UUU) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the stock.

Universal Security Instruments Price Performance

Shares of UUU opened at $1.85 on Friday. The firm has a 50 day simple moving average of $2.03. Universal Security Instruments has a twelve month low of $1.11 and a twelve month high of $2.47. The stock has a market cap of $4.27 million, a price-to-earnings ratio of -3.29 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. acquired a new position in shares of Universal Security Instruments, Inc. (NYSE:UUU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 quarter.

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.