Milton Ault III Acquires 3,360 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 3,360 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average price of $4.93 per share, with a total value of $16,564.80. Following the completion of the transaction, the director owned 162,457 shares of the company’s stock, valued at $800,913.01. The trade was a 2.11% 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 0.6%

Shares of UUU opened at $5.19 on Friday. Universal Security Instruments, Inc. has a twelve month low of $1.65 and a twelve month high of $8.27. The company’s fifty day simple moving average is $4.57 and its 200-day simple moving average is $4.37. The company has a market cap of $12.00 million, a P/E ratio of -9.27 and a beta of -0.26.

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 shares of Universal Security Instruments, Inc. (NYSE:UUU) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,562 shares of the company’s stock, valued at approximately $42,000. Qube Research & Technologies Ltd owned 0.46% of Universal Security Instruments at the end of the most recent quarter.

About Universal Security Instruments

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.