Universal Security Instruments (NYSE:UUU) Director Buys 10,000 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 10,000 shares of Universal Security Instruments stock in a transaction on Monday, August 24th. The stock was purchased at an average price of $6.59 per share, for a total transaction of $65,900.00. Following the completion of the transaction, the director owned 1,096,533 shares of the company’s stock, valued at approximately $7,226,152.47. This represents a 0.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Universal Security Instruments Stock Performance

Shares of NYSE UUU traded down $0.04 during mid-day trading on Wednesday, hitting $5.66. 44,941 shares of the stock were exchanged, compared to its average volume of 74,484. The company has a market cap of $17.14 million, a P/E ratio of -10.11 and a beta of 0.05. The stock’s fifty day simple moving average is $4.18 and its two-hundred day simple moving average is $5.22. Universal Security Instruments, Inc. has a twelve month low of $3.02 and a twelve month high of $8.27.

Institutional Trading of Universal Security Instruments

Several large investors have recently made changes to their positions in UUU. Qube Research & Technologies Ltd acquired a new stake in shares of Universal Security Instruments in the third quarter valued at $42,000. Bridgeway Capital Management LLC bought a new stake in Universal Security Instruments during the 4th quarter worth about $56,000. Geode Capital Management LLC grew its holdings in Universal Security Instruments by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock worth $79,000 after acquiring an additional 2,850 shares during the last quarter. Heron Bay Capital Management acquired a new stake in Universal Security Instruments in the 4th quarter valued at about $186,000. Finally, Two Sigma Investments LP acquired a new stake in Universal Security Instruments in the 3rd quarter valued at about $198,000.

About Universal Security Instruments

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.