Universal Security Instruments (NYSEAMERICAN:UUU) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Universal Security Instruments (NYSEAMERICAN:UUU) in a research report released on Thursday. The brokerage issued a hold rating on the stock.

Universal Security Instruments Price Performance

NYSEAMERICAN UUU opened at $1.59 on Thursday. Universal Security Instruments has a fifty-two week low of $1.27 and a fifty-two week high of $5.20. The business has a 50 day moving average of $2.54.

Universal Security Instruments (NYSEAMERICAN:UUU) last announced its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter. The business 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 Investors 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 stake in Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 32,800 shares of the company’s stock, valued at approximately $139,000. Geneos Wealth Management Inc. owned approximately 1.42% of Universal Security Instruments as of its most recent filing with the SEC.

About Universal Security Instruments

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.