Universal Security Instruments (NYSE:UUU) Director Purchases $570,000.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 95,000 shares of the business’s stock in a transaction dated Friday, January 16th. The shares were acquired at an average price of $6.00 per share, with a total value of $570,000.00. Following the completion of the acquisition, the director owned 257,457 shares of the company’s stock, valued at approximately $1,544,742. The trade was a 58.48% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Universal Security Instruments Trading Up 2.2%

Shares of Universal Security Instruments stock opened at $5.16 on Friday. The company has a market cap of $11.94 million, a price-to-earnings ratio of -9.21 and a beta of -0.41. Universal Security Instruments, Inc. has a 1 year low of $1.65 and a 1 year high of $8.27. The company’s fifty day simple moving average is $4.74 and its 200-day simple moving average is $4.57.

Institutional Trading of Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Qube Research & Technologies Ltd acquired a new stake in Universal Security Instruments, Inc. (NYSE:UUU) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,562 shares of the company’s stock, valued at approximately $42,000. Qube Research & Technologies Ltd owned approximately 0.46% of Universal Security Instruments at the end of the most recent quarter.

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.