Universal Security Instruments (NYSEAMERICAN:UUU) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Universal Security Instruments (NYSEAMERICAN:UUU) in a research note issued to investors on Monday morning. The firm issued a hold rating on the stock.

Universal Security Instruments Price Performance

Shares of UUU opened at $1.66 on Monday. Universal Security Instruments has a one year low of $1.27 and a one year high of $5.20.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Universal Security Instruments stock. Vanguard Group Inc. grew its position in shares of Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) by 9.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,910 shares of the company’s stock after buying an additional 3,900 shares during the period. Vanguard Group Inc. owned about 1.99% of Universal Security Instruments worth $195,000 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.