Universal Security Instruments (NYSE:UUU) Shares Down 8.7% – Time to Sell?

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

Universal Security Instruments Price Performance

The company has a market capitalization of $11.72 million and a P/E ratio of -6.91. The stock has a fifty day simple moving average of $5.95 and a 200-day simple moving average of $5.49.

Insider Buying and Selling

In other news, Director Milton C. Ault III acquired 185,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $5.75 per share, with a total value of $1,063,750.00. Following the completion of the purchase, the director owned 1,025,252 shares of the company’s stock, valued at $5,895,199. This represents a 22.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 44.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its position in Universal Security Instruments by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock worth $79,000 after acquiring an additional 2,850 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in Universal Security Instruments in the 3rd quarter valued at $42,000. Bridgeway Capital Management LLC bought a new position in Universal Security Instruments in the 4th quarter valued at $56,000. DRW Securities LLC boosted 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 worth $402,000 after purchasing an additional 15,404 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new position in Universal Security Instruments in the fourth quarter worth $186,000.

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.