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

Stock analysts at StockNews.com began coverage on shares of Universal Security Instruments (NYSEAMERICAN:UUUGet Free Report) in a research note issued on Wednesday. The firm set a “hold” rating on the stock.

Universal Security Instruments Trading Up 1.3 %

Universal Security Instruments stock opened at $1.62 on Wednesday. The firm’s 50 day moving average is $2.56. Universal Security Instruments has a 1 year low of $1.27 and a 1 year high of $5.20.

Universal Security Instruments (NYSEAMERICAN:UUUGet Free Report) last issued its earnings results 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%.

Institutional Trading of Universal Security Instruments

A hedge fund recently raised its stake in Universal Security Instruments stock. Vanguard Group Inc. boosted its position in shares of Universal Security Instruments, Inc. (NYSEAMERICAN:UUUFree Report) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,910 shares of the company’s stock after buying an additional 3,900 shares during the period. Vanguard Group Inc. owned 1.99% of Universal Security Instruments worth $195,000 as of its most recent SEC filing.

About Universal Security Instruments

(Get Free Report)

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.

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