Milton Ault III Purchases 10,000 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 10,000 shares of the business’s 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 acquisition, the director owned 1,096,533 shares of the company’s stock, valued at approximately $7,226,152.47. This trade represents a 0.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Universal Security Instruments Stock Down 6.9%

Shares of NYSE UUU opened at $5.27 on Friday. The company’s fifty day moving average is $4.19 and its 200-day moving average is $5.24. The stock has a market cap of $15.96 million, a price-to-earnings ratio of -9.41 and a beta of 0.05. 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 hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP acquired a new position in shares of Universal Security Instruments in the third quarter valued at approximately $198,000. Qube Research & Technologies Ltd bought a new stake in shares of Universal Security Instruments during the third quarter worth $42,000. Geode Capital Management LLC raised its holdings in shares of Universal Security Instruments by 22.8% during the fourth 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 period. DRW Securities LLC raised its holdings in shares of Universal Security Instruments by 24.6% during the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock worth $402,000 after acquiring an additional 15,404 shares during the period. Finally, Heron Bay Capital Management acquired a new stake in shares of Universal Security Instruments during the fourth quarter worth $186,000.

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.