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

Equities research analysts at StockNews.com started coverage on shares of Universal Security Instruments (NYSEAMERICAN:UUU) in a research note issued on Monday. The firm set a “hold” rating on the stock.

Universal Security Instruments Trading Up 0.6 %

Universal Security Instruments stock opened at $1.64 on Monday. Universal Security Instruments has a 52 week low of $1.27 and a 52 week high of $5.20.

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

Institutional Trading of Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Geneos Wealth Management Inc. acquired a new stake in Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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 at the end of the most recent quarter.

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.