Universal Security Instruments (NYSE:UUU) Stock Price Down 0.2% – What’s Next?

Universal Security Instruments, Inc. (NYSE:UUU)’s share price fell 0.2% during trading on Tuesday . The company traded as low as $6.31 and last traded at $6.43. 30,277 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 96,999 shares. The stock had previously closed at $6.44.

Universal Security Instruments Trading Down 0.2%

The firm has a market cap of $17.48 million, a P/E ratio of -11.48 and a beta of -0.03. The company’s 50-day moving average is $6.26 and its two-hundred day moving average is $5.41.

Insider Buying and Selling at Universal Security Instruments

In other Universal Security Instruments news, Director Milton C. Ault III purchased 185,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $5.75 per share, with a total value of $1,063,750.00. Following the completion of the transaction, the director owned 1,025,252 shares of the company’s stock, valued at $5,895,199. The trade was a 22.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders purchased 397,215 shares of company stock valued at $2,297,913. 9.08% of the stock is owned by insiders.

Institutional Investors Weigh In On Universal Security Instruments

Large investors have recently modified their holdings of the stock. DRW Securities LLC lifted its stake in Universal Security Instruments by 24.6% in the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock valued at $402,000 after purchasing an additional 15,404 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Universal Security Instruments during the third quarter valued at about $198,000. Heron Bay Capital Management purchased a new stake in Universal Security Instruments during the fourth quarter valued at about $186,000. Geode Capital Management LLC boosted its position 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 worth $79,000 after purchasing an additional 2,850 shares during the period. Finally, Bridgeway Capital Management LLC bought a new position in Universal Security Instruments in the 4th quarter worth approximately $56,000.

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.