StockNews.com Initiates Coverage on Universal Security Instruments (NYSE:UUU)

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

Universal Security Instruments Trading Up 6.6 %

NYSE:UUU opened at $1.94 on Friday. The firm has a 50-day moving average of $2.08. The firm has a market capitalization of $4.49 million, a P/E ratio of -3.46 and a beta of 0.66. 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. purchased a new position in shares of Universal Security Instruments, Inc. (NYSE:UUU) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 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.