Universal Security Instruments (NYSE:UUU) Trading Up 3.6% – Here’s What Happened

Universal Security Instruments, Inc. (NYSE:UUU)’s stock price was up 3.6% during trading on Friday . The company traded as high as $5.79 and last traded at $5.43. Approximately 55,978 shares traded hands during trading, a decline of 87% from the average daily volume of 418,192 shares. The stock had previously closed at $5.24.

Universal Security Instruments Price Performance

The firm has a market capitalization of $12.56 million, a P/E ratio of -9.70 and a beta of -0.47. The business’s 50-day moving average is $5.10 and its 200 day moving average is $3.56.

Universal Security Instruments Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 18th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, September 26th.

Insider Transactions at Universal Security Instruments

In other news, Director Milton C. Ault III acquired 10,000 shares of Universal Security Instruments stock in a transaction on Friday, October 3rd. The shares were purchased at an average cost of $4.79 per share, for a total transaction of $47,900.00. Following the completion of the purchase, the director directly owned 65,407 shares of the company’s stock, valued at approximately $313,299.53. This represents a 18.05% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought 54,682 shares of company stock worth $258,605 in the last 90 days. Corporate insiders own 9.08% of the company’s stock.

Universal Security Instruments Company Profile

Universal Security Instruments, Inc, together with its subsidiary, engages in the marketing and distribution of safety and security products in the United States. The company offers a line of safety alarms units, including replaceable batteries, sealed batteries, and battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ventilation products, ground fault circuit interrupters, and other electrical devices under the UNIVERSAL and USI Electric trade names.