Universal Security Instruments (NYSE:UUU) Trading Down 5.3% – What’s Next?

Universal Security Instruments, Inc. (NYSE:UUU)’s stock price was down 5.3% during mid-day trading on Tuesday . The stock traded as low as $2.86 and last traded at $3.22. Approximately 192,161 shares were traded during mid-day trading, an increase of 447% from the average daily volume of 35,137 shares. The stock had previously closed at $3.40.

Analysts Set New Price Targets

Separately, Wall Street Zen began coverage on Universal Security Instruments in a report on Friday, May 16th. They issued a “hold” rating on the stock.

Universal Security Instruments Price Performance

The stock has a fifty day moving average of $3.26 and a 200 day moving average of $2.49. The firm has a market capitalization of $7.45 million, a P/E ratio of -5.75 and a beta of -0.58.

Institutional Investors Weigh In On Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Raymond James Financial Inc. bought a new stake in shares of Universal Security Instruments, Inc. (NYSE:UUU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 at the end of the most recent reporting period.

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.