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

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

Universal Security Instruments Stock Performance

Universal Security Instruments stock opened at $2.06 on Monday. The firm has a 50-day moving average price of $2.27. The company has a market capitalization of $4.76 million, a PE ratio of -18.73 and a beta of 0.74. 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. purchased a new stake in Universal Security Instruments, Inc. (NYSE:UUU) during the 4th 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 about 3.18% of Universal Security Instruments as of its most recent SEC filing.

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.