Universal Security Instruments (NYSE:UUU) Director Milton Ault III Buys 95,000 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 95,000 shares of the business’s stock in a transaction on Friday, January 16th. The stock was bought at an average cost of $6.00 per share, with a total value of $570,000.00. Following the completion of the purchase, the director directly owned 257,457 shares in the company, valued at approximately $1,544,742. The trade was a 58.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Universal Security Instruments Trading Up 19.9%

Shares of UUU stock opened at $4.69 on Thursday. Universal Security Instruments, Inc. has a twelve month low of $1.65 and a twelve month high of $8.27. The company’s 50-day moving average price is $4.71 and its 200-day moving average price is $4.56. The stock has a market cap of $10.85 million, a price-to-earnings ratio of -8.37 and a beta of -0.41.

Institutional Investors Weigh In On Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Qube Research & Technologies Ltd acquired a new position in Universal Security Instruments, Inc. (NYSE:UUU) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,562 shares of the company’s stock, valued at approximately $42,000. Qube Research & Technologies Ltd owned about 0.46% of Universal Security Instruments as of its most recent filing with the Securities and Exchange Commission.

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.