Milton Ault III Purchases 205,000 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 205,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were purchased at an average cost of $6.00 per share, with a total value of $1,230,000.00. Following the completion of the transaction, the director owned 462,457 shares of the company’s stock, valued at approximately $2,774,742. The trade was a 79.62% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Universal Security Instruments Trading Up 5.8%

Shares of NYSE:UUU traded up $0.24 during trading on Friday, reaching $4.40. The stock had a trading volume of 72,443 shares, compared to its average volume of 236,757. The firm’s 50-day simple moving average is $4.90 and its 200 day simple moving average is $4.66. Universal Security Instruments, Inc. has a one year low of $1.65 and a one year high of $8.27. The company has a market capitalization of $10.18 million, a P/E ratio of -7.86 and a beta of -0.21.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Universal Security Instruments stock. Two Sigma Investments LP purchased a new stake in Universal Security Instruments, Inc. (NYSE:UUU) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 49,499 shares of the company’s stock, valued at approximately $198,000. Two Sigma Investments LP owned about 2.14% of Universal Security Instruments as of its most recent filing with the Securities & Exchange Commission.

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.