Universal Security Instruments (NYSE:UUU) Director Milton Ault III Purchases 7,506 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 7,506 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was acquired at an average cost of $6.13 per share, for a total transaction of $46,011.78. Following the completion of the acquisition, the director directly owned 1,065,861 shares in the company, valued at approximately $6,533,727.93. The trade was a 0.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Universal Security Instruments Trading Down 0.8%

UUU traded down $0.05 during midday trading on Friday, hitting $6.40. 73,318 shares of the company were exchanged, compared to its average volume of 74,911. Universal Security Instruments, Inc. has a 1-year low of $3.02 and a 1-year high of $8.27. The firm has a market capitalization of $19.39 million, a price-to-earnings ratio of -11.43 and a beta of 0.05. The company’s 50 day simple moving average is $4.14 and its 200 day simple moving average is $5.20.

Institutional Trading of Universal Security Instruments

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its position in shares of 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 buying an additional 2,850 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Universal Security Instruments during the 2nd quarter valued at approximately $222,000. Virtus Advisers LLC purchased a new position in Universal Security Instruments during the second quarter valued at $271,000. The Manufacturers Life Insurance Company purchased a new position in Universal Security Instruments in the 2nd quarter valued at about $523,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Universal Security Instruments in the third quarter worth approximately $42,000.

Universal Security Instruments Company Profile

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.