Universal Security Instruments (NYSE:UUU) Trading Down 8.7% – Here’s What Happened

Universal Security Instruments, Inc. (NYSE:UUU) shares were down 8.7% during mid-day trading on Wednesday . The company traded as low as $4.19 and last traded at $4.19. Approximately 10,990 shares traded hands during trading, a decline of 88% from the average session volume of 88,660 shares. The stock had previously closed at $4.59.

Universal Security Instruments Stock Performance

The firm has a market cap of $12.69 million, a P/E ratio of -7.48 and a beta of -0.03. The firm has a 50 day simple moving average of $5.99 and a 200 day simple moving average of $5.50.

Insider Buying and Selling

In other news, Director Milton C. Ault III bought 185,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $5.75 per share, with a total value of $1,063,750.00. Following the acquisition, the director owned 1,025,252 shares of the company’s stock, valued at approximately $5,895,199. The trade was a 22.02% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 44.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Heron Bay Capital Management bought a new position in shares of Universal Security Instruments in the fourth quarter worth $186,000. DRW Securities LLC boosted its stake in Universal Security Instruments by 24.6% during the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock valued at $402,000 after buying an additional 15,404 shares during the period. Geode Capital Management LLC boosted its stake in Universal Security Instruments by 22.8% during the fourth quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock valued at $79,000 after buying an additional 2,850 shares during the period. Two Sigma Investments LP purchased a new position in Universal Security Instruments during the third quarter worth about $198,000. Finally, Bridgeway Capital Management LLC purchased a new position in Universal Security Instruments during the fourth quarter worth about $56,000.

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.