Milton Ault III Purchases 21,500 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 21,500 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were bought at an average price of $4.80 per share, with a total value of $103,200.00. Following the transaction, the director directly owned 518,630 shares in the company, valued at approximately $2,489,424. The trade was a 4.32% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Universal Security Instruments Trading Up 1.9%

Shares of UUU traded up $0.09 during midday trading on Tuesday, hitting $4.80. The stock had a trading volume of 57,775 shares, compared to its average volume of 195,482. Universal Security Instruments, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $8.27. The firm has a market cap of $13.05 million, a P/E ratio of -8.57 and a beta of -0.21. The business has a 50-day simple moving average of $4.89 and a two-hundred day simple moving average of $4.85.

Institutional Trading of Universal Security Instruments

Several large investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd bought a new position in shares of Universal Security Instruments during the 3rd quarter valued at $42,000. Bridgeway Capital Management LLC bought a new position in Universal Security Instruments during the fourth quarter valued at about $56,000. Geode Capital Management LLC lifted its position in shares of Universal Security Instruments by 22.8% in the fourth quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock worth $79,000 after buying an additional 2,850 shares during the last quarter. Heron Bay Capital Management bought a new stake in shares of Universal Security Instruments during the 4th quarter worth about $186,000. Finally, Two Sigma Investments LP acquired a new position in shares of Universal Security Instruments during the 3rd quarter valued at about $198,000.

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.