Milton Ault III Buys 205,000 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 205,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was acquired at an average price of $6.00 per share, for a total transaction of $1,230,000.00. Following the completion of the acquisition, the director directly owned 462,457 shares in the company, valued at approximately $2,774,742. This represents a 79.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Universal Security Instruments Stock Performance

Shares of NYSE:UUU opened at $4.40 on Friday. The stock has a market capitalization of $10.18 million, a price-to-earnings ratio of -7.86 and a beta of -0.21. Universal Security Instruments, Inc. has a 1-year low of $1.65 and a 1-year high of $8.27. The company has a 50 day moving average price of $4.90 and a 200 day moving average price of $4.68.

Institutional Trading of Universal Security Instruments

An institutional investor recently bought a new position in Universal Security Instruments stock. Qube Research & Technologies Ltd bought a new stake in Universal Security Instruments, Inc. (NYSE:UUU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 reporting period.

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.