Insider Buying: Universal Security Instruments (NYSE:UUU) Director Buys 5,631 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 5,631 shares of Universal Security Instruments stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average price of $4.31 per share, for a total transaction of $24,269.61. Following the transaction, the director owned 101,000 shares in the company, valued at $435,310. This represents a 5.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Universal Security Instruments Stock Down 1.2%

UUU stock traded down $0.05 during trading on Thursday, hitting $4.25. The company had a trading volume of 67,252 shares, compared to its average volume of 372,822. The firm has a 50-day moving average price of $4.62 and a 200-day moving average price of $4.04. Universal Security Instruments, Inc. has a 12 month low of $1.65 and a 12 month high of $8.27. The stock has a market cap of $9.83 million, a price-to-earnings ratio of -7.59 and a beta of -0.26.

Hedge Funds Weigh In On Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Two Sigma Investments LP acquired a new stake in Universal Security Instruments, Inc. (NYSE:UUU) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 49,499 shares of the company’s stock, valued at approximately $198,000. Two Sigma Investments LP owned approximately 2.14% of Universal Security Instruments at the end of the most recent quarter.

About Universal Security Instruments

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.