After Making 1 Year Low, Is Universal Security Instruments, Inc. (UUU)’s Near-Term Analysis Negative?

July 17, 2017 - By reb123z

The stock of Universal Security Instruments, Inc. (NYSEMKT:UUU) hit a new 52-week low and has $2.33 target or 3.00 % below today’s $2.40 share price. The 6 months bearish chart indicates high risk for the $5.44 million company. The 1-year low was reported on Jul, 17 by Barchart.com. If the $2.33 price target is reached, the company will be worth $163,200 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 10,445 shares traded. Universal Security Instruments, Inc. (NYSEMKT:UUU) has declined 30.17% since July 17, 2016 and is downtrending. It has underperformed by 46.87% the S&P500.

More notable recent Universal Security Instruments, Inc. (NYSEMKT:UUU) news were published by: Prnewswire.com which released: “Universal Security Instruments Reports Third-Quarter Results” on February 21, 2017, also Marketwatch.com with their article: “2.50” published on June 13, 2009, Prnewswire.com published: “Universal Security Instruments Announces its Fourth-Quarter and Year-End Results” on July 14, 2017. More interesting news about Universal Security Instruments, Inc. (NYSEMKT:UUU) were released by: Bizjournals.com and their article: “Universal Security Instruments files annual report, but still faces delisting” published on August 26, 2015 as well as Prnewswire.com‘s news article titled: “Universal Security Instruments, Inc. Announces Notice of Noncompliance with …” with publication date: November 23, 2016.

Universal Security Instruments, Inc

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