Universal Security Instruments (NYSE:UUU) Director Milton Ault III Acquires 4,697 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 4,697 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was purchased at an average cost of $4.56 per share, for a total transaction of $21,418.32. Following the purchase, the director owned 55,407 shares of the company’s stock, valued at $252,655.92. This represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Universal Security Instruments Stock Up 3.0%

Shares of NYSE:UUU opened at $4.74 on Friday. Universal Security Instruments, Inc. has a 52-week low of $1.15 and a 52-week high of $8.27. The stock has a market cap of $10.96 million, a P/E ratio of -8.46 and a beta of -0.47. The business’s 50 day moving average is $4.59 and its 200 day moving average is $3.22.

Universal Security Instruments Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 18th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, September 26th.

Universal Security Instruments Company Profile

Universal Security Instruments, Inc, together with its subsidiary, engages in the marketing and distribution of safety and security products in the United States. The company offers a line of safety alarms units, including replaceable batteries, sealed batteries, and battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ventilation products, ground fault circuit interrupters, and other electrical devices under the UNIVERSAL and USI Electric trade names.