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

StockNews.com assumed coverage on shares of Universal Security Instruments (NYSEAMERICAN:UUU) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.

Universal Security Instruments Price Performance

Shares of NYSEAMERICAN UUU opened at $1.59 on Thursday. The stock has a fifty day moving average price of $2.54. Universal Security Instruments has a 1 year low of $1.27 and a 1 year high of $5.20.

Universal Security Instruments (NYSEAMERICAN:UUU) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $4.66 million during the quarter. Universal Security Instruments had a net margin of 1.74% and a return on equity of 6.76%.

Hedge Funds Weigh In On Universal Security Instruments

An institutional investor recently bought a new position in Universal Security Instruments stock. Geneos Wealth Management Inc. bought a new position in shares of Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,800 shares of the company’s stock, valued at approximately $139,000. Geneos Wealth Management Inc. owned about 1.42% of Universal Security Instruments as of its most recent filing with the Securities and Exchange Commission (SEC).

Universal Security Instruments Company Profile

Universal Security Instruments, Inc, together with its subsidiary, engages in the design, marketing, and distribution of safety and security products for use in homes and businesses in the United States and internationally. It offers a line of safety alarms, including units powered by 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.