NEW YORK ( TheStreet) -- Shares of Universal Security Instruments (AMEX: UUU) have taken a tremendous swing upward. The stock is trading at $6.92 as of 12:28 p.m. ET, 20.1% above Tuesday's closing price of $5.76. Volume is at 22,350, 3.9 times the daily average of 5,800. Universal Security Instruments has a market cap of $12.7 million and is part of the services sector and diversified services industry. Shares are down 22.6% year to date as of the close of trading on Tuesday. Universal Security Instruments, Inc. designs and markets various safety products. The company primarily offers smoke alarms, carbon monoxide alarms, and related products. It markets a line of residential smoke and carbon monoxide alarms under the trade names of USI Electric and UNIVERSAL. The company has a P/E ratio of 24.2, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Universal Security Instruments as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Universal Security Instruments Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.