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

Equities researchers at StockNews.com initiated coverage on shares of Universal Security Instruments (NYSE:UUU) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

Universal Security Instruments Stock Up 1.6 %

Shares of NYSE:UUU opened at $1.31 on Monday. Universal Security Instruments has a 1 year low of $1.11 and a 1 year high of $5.20. The firm has a market capitalization of $3.03 million, a price-to-earnings ratio of -7.28 and a beta of 0.85.

Universal Security Instruments (NYSE:UUU) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.19) earnings per share for the quarter. Universal Security Instruments had a negative net margin of 5.63% and a negative return on equity of 19.80%. The company had revenue of $4.60 million for the quarter.

Universal Security Instruments Company Profile

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.