Universal Security Instruments (NYSE:UUU) Stock Price Down 2.4% – What’s Next?

Universal Security Instruments, Inc. (NYSE:UUU) dropped 2.4% on Thursday . The stock traded as low as $3.70 and last traded at $3.7960. Approximately 7,169 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 80,622 shares. The stock had previously closed at $3.89.

Universal Security Instruments Trading Down 2.4%

The business has a fifty day moving average of $5.31 and a 200-day moving average of $5.38. The firm has a market cap of $11.50 million and a PE ratio of -6.78.

Insider Activity

In other Universal Security Instruments news, Director Milton C. Ault III acquired 185,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of $5.75 per share, for a total transaction of $1,063,750.00. Following the completion of the transaction, the director owned 1,025,252 shares of the company’s stock, valued at approximately $5,895,199. This represents a 22.02% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 340,600 shares of company stock valued at $1,957,399 in the last quarter. Company insiders own 44.54% of the company’s stock.

Hedge Funds Weigh In On Universal Security Instruments

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings 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 in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Universal Security Instruments during the third quarter worth about $42,000. Bridgeway Capital Management LLC purchased a new position in shares of Universal Security Instruments during the fourth quarter worth about $56,000. DRW Securities LLC increased its position in shares of Universal Security Instruments by 24.6% in the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock worth $402,000 after purchasing an additional 15,404 shares during the last quarter. Finally, Heron Bay Capital Management bought a new position in shares of Universal Security Instruments in the fourth 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.