Milton Ault III Purchases 95,000 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 95,000 shares of Universal Security Instruments stock in a transaction on Friday, January 16th. The stock was purchased at an average price of $6.00 per share, for a total transaction of $570,000.00. Following the completion of the transaction, the director owned 257,457 shares of the company’s stock, valued at approximately $1,544,742. This represents a 58.48% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Universal Security Instruments Trading Up 7.7%

NYSE UUU opened at $5.05 on Friday. Universal Security Instruments, Inc. has a 1-year low of $1.65 and a 1-year high of $8.27. The company has a 50 day moving average of $4.73 and a 200-day moving average of $4.56. The firm has a market cap of $11.68 million, a price-to-earnings ratio of -9.02 and a beta of -0.41.

Institutional Trading of Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Qube Research & Technologies Ltd purchased a new stake in Universal Security Instruments, Inc. (NYSE:UUU) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

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.