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

Investment analysts at StockNews.com started coverage on shares of Universal Security Instruments (NYSEAMERICAN:UUU) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Universal Security Instruments Trading Up 3.2 %

Universal Security Instruments stock opened at $1.66 on Tuesday. Universal Security Instruments has a fifty-two week low of $1.27 and a fifty-two week high of $5.20.

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

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. purchased a new stake in Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 32,800 shares of the company’s stock, valued at approximately $139,000. Geneos Wealth Management Inc. owned 1.42% of Universal Security Instruments as of its most recent SEC filing.

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.