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

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 10,000 shares of the stock in a transaction on Friday, August 28th. The shares were purchased at an average cost of $5.16 per share, with a total value of $51,600.00. Following the transaction, the director directly owned 1,130,262 shares of the company’s stock, valued at approximately $5,832,151.92. This trade represents a 0.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Universal Security Instruments Stock Up 1.2%

Shares of NYSE UUU traded up $0.06 on Monday, reaching $5.06. 18,604 shares of the company’s stock traded hands, compared to its average volume of 74,024. The business’s 50 day simple moving average is $4.20 and its two-hundred day simple moving average is $5.24. Universal Security Instruments, Inc. has a 12 month low of $3.02 and a 12 month high of $8.27. The company has a market cap of $15.33 million, a price-to-earnings ratio of -9.04 and a beta of 0.05.

Hedge Funds Weigh In On Universal Security Instruments

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE purchased a new position in Universal Security Instruments in the second quarter worth about $2,973,000. Jupiter Topco LLC bought a new stake in shares of Universal Security Instruments during the second quarter valued at approximately $562,000. Legal & General Group Plc bought a new stake in shares of Universal Security Instruments during the second quarter valued at approximately $2,947,000. The Manufacturers Life Insurance Company purchased a new position in Universal Security Instruments in the 2nd quarter worth approximately $523,000. Finally, Brandywine Trust Co. bought a new position in Universal Security Instruments in the 2nd quarter valued at approximately $778,000.

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.