Universal Security Instruments, Inc. (NYSEAMERICAN:UUU – Get Rating)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $3.38. Universal Security Instruments shares last traded at $3.07, with a volume of 64,521 shares.
Separately, TheStreet downgraded shares of Universal Security Instruments from a “c-” rating to a “d+” rating in a research note on Monday, January 24th.
The firm has a market capitalization of $7.09 million, a PE ratio of -30.70 and a beta of 1.81.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UUU. Citadel Advisors LLC purchased a new stake in shares of Universal Security Instruments during the fourth quarter worth about $38,000. Renaissance Technologies LLC boosted its position in Universal Security Instruments by 48.1% during the fourth quarter. Renaissance Technologies LLC now owns 23,414 shares of the company’s stock worth $80,000 after acquiring an additional 7,602 shares during the last quarter. Finally, Ground Swell Capital LLC acquired a new position in Universal Security Instruments in the 4th quarter valued at about $40,000. 30.70% of the stock is owned by institutional investors.
About Universal Security Instruments (NYSEAMERICAN:UUU)
Universal Security Instruments, Inc, together with its subsidiary, designs, markets, and distributes 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.
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