Insider Buying: Universal Security Instruments (NYSE:UUU) Director Acquires $10,158.79 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 2,069 shares of Universal Security Instruments stock in a transaction dated Thursday, December 18th. The shares were acquired at an average price of $4.91 per share, with a total value of $10,158.79. Following the completion of the purchase, the director owned 147,804 shares in the company, valued at approximately $725,717.64. The trade was a 1.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Universal Security Instruments Stock Performance

UUU opened at $4.98 on Monday. The business’s 50-day simple moving average is $4.63 and its 200 day simple moving average is $4.24. Universal Security Instruments, Inc. has a 52-week low of $1.65 and a 52-week high of $8.27. The firm has a market capitalization of $11.52 million, a PE ratio of -8.89 and a beta of -0.26.

Institutional Investors Weigh In On Universal Security Instruments

An institutional investor recently bought a new position in Universal Security Instruments stock. Qube Research & Technologies Ltd purchased a new stake in shares of Universal Security Instruments, Inc. (NYSE:UUU) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 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 at the end of the most recent reporting period.

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.