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

Equities researchers at StockNews.com initiated coverage on shares of Universal Security Instruments (NYSE:UUU) in a report released on Monday. The firm set a “hold” rating on the stock.

Universal Security Instruments Stock Performance

Shares of Universal Security Instruments stock opened at $2.02 on Monday. The company has a fifty day moving average price of $1.89. Universal Security Instruments has a fifty-two week low of $1.11 and a fifty-two week high of $2.47. The firm has a market capitalization of $4.67 million, a price-to-earnings ratio of -3.61 and a beta of 0.35.

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 Universal Security Instruments, Inc. (NYSE:UUU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 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.