Universal Security Instruments (NYSE:UUU) Shares Up 1.2% – Should You Buy?

by · The Markets Daily

Universal Security Instruments, Inc. (NYSE:UUU – Get Free Report) shares rose 1.2% during trading on Friday . The stock traded as high as $3.67 and last traded at $3.45. Approximately 5,905 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 73,725 shares. The stock had previously closed at $3.41.

Universal Security Instruments Trading Up 1.2%

The company has a market cap of $10.45 million, a price-to-earnings ratio of -6.16 and a beta of 0.05. The stock’s 50 day moving average price is $4.22 and its 200 day moving average price is $5.18.

Hedge Funds Weigh In On Universal Security Instruments

A number of hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP purchased a new stake in shares of Universal Security Instruments during the 3rd quarter valued at $198,000. Qube Research & Technologies Ltd purchased a new position in shares of Universal Security Instruments in the 3rd quarter worth $42,000. Geode Capital Management LLC boosted its holdings in Universal Security Instruments by 22.8% in the fourth quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock valued at $79,000 after acquiring an additional 2,850 shares during the last quarter. DRW Securities LLC boosted its holdings in Universal Security Instruments by 24.6% in the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock valued at $402,000 after acquiring an additional 15,404 shares during the last quarter. Finally, Heron Bay Capital Management purchased a new stake in Universal Security Instruments during the fourth quarter valued at about $186,000.

About Universal Security Instruments

(Get Free Report)

Universal Security Instruments, Inc (NYSE: UUU) is a manufacturer and marketer of home safety and security products based in Holbrook, New York. The company specializes in the design, development and distribution of devices intended to protect lives and property, servicing both residential and commercial end users.

Its product portfolio includes photoelectric and ionization smoke alarms, carbon monoxide detectors, combination smoke/CO units, fire extinguishers and fire escape ladders. Additional offerings extend to weather radios and environmental sensors, all engineered to meet or exceed applicable UL, ANSI and NFPA safety standards.

Universal Security Instruments distributes its products primarily across the United States and Canada through a network of mass merchants, independent electrical distributors, home improvement centers and e-commerce platforms.

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