Universal Security Instruments (NYSE:UUU) Shares Up 1.9% – Time to Buy?

Universal Security Instruments, Inc. (NYSE:UUU)’s share price shot up 1.9% during mid-day trading on Thursday . The company traded as high as $5.99 and last traded at $5.99. 28,953 shares were traded during trading, a decline of 77% from the average session volume of 123,975 shares. The stock had previously closed at $5.88.

Universal Security Instruments Stock Performance

The company has a market capitalization of $16.28 million, a price-to-earnings ratio of -10.70 and a beta of -0.18. The business’s 50-day simple moving average is $5.51 and its 200-day simple moving average is $5.03.

Insider Buying and Selling at Universal Security Instruments

In other news, Director Milton C. Ault III purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were acquired at an average cost of $5.84 per share, for a total transaction of $58,400.00. Following the transaction, the director directly owned 685,252 shares of the company’s stock, valued at approximately $4,001,871.68. The trade was a 1.48% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders have purchased 389,224 shares of company stock valued at $2,218,233. Company insiders own 9.08% of the company’s stock.

Institutional Trading of Universal Security Instruments

A number of hedge funds have recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Universal Security Instruments by 22.8% in the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock valued at $79,000 after acquiring an additional 2,850 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Universal Security Instruments in the 3rd quarter valued at approximately $42,000. Bridgeway Capital Management LLC bought a new stake in Universal Security Instruments during the 4th quarter worth approximately $56,000. DRW Securities LLC increased its stake in Universal Security Instruments by 24.6% during the 4th quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock worth $402,000 after purchasing an additional 15,404 shares in the last quarter. Finally, Heron Bay Capital Management bought a new stake in Universal Security Instruments during the 4th quarter worth approximately $186,000.

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.