Universal Security Instruments (NYSE:UUU) Director Milton Ault III Acquires 5,000 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 5,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were purchased at an average cost of $6.02 per share, for a total transaction of $30,100.00. Following the completion of the purchase, the director directly owned 1,120,262 shares in the company, valued at $6,743,977.24. The trade was a 0.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Universal Security Instruments Stock Performance

Universal Security Instruments stock traded up $0.06 during trading on Monday, hitting $5.06. The company’s stock had a trading volume of 18,604 shares, compared to its average volume of 74,024. The stock’s fifty day moving average is $4.20 and its 200 day moving average is $5.24. Universal Security Instruments, Inc. has a 1-year low of $3.02 and a 1-year high of $8.27. The stock has a market capitalization of $15.33 million, a price-to-earnings ratio of -9.04 and a beta of 0.05.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in Universal Security Instruments in the 2nd quarter worth $2,973,000. Jupiter Topco LLC acquired a new stake in shares of Universal Security Instruments in the second quarter valued at $562,000. Legal & General Group Plc bought a new position in shares of Universal Security Instruments in the second quarter valued at $2,947,000. The Manufacturers Life Insurance Company purchased a new stake in Universal Security Instruments during the second quarter valued at about $523,000. Finally, Brandywine Trust Co. purchased a new position in Universal Security Instruments during the 2nd quarter valued at about $778,000.

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.