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

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

Universal Security Instruments Stock Performance

The firm’s 50-day moving average price is $5.26 and its two-hundred day moving average price is $5.37. The firm has a market cap of $11.06 million and a PE ratio of -6.52.

Insider Activity

In other Universal Security Instruments news, Director Milton C. Ault III bought 185,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $5.75 per share, with a total value of $1,063,750.00. Following the acquisition, the director directly owned 1,025,252 shares of the company’s stock, valued at $5,895,199. The trade was a 22.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have purchased 340,600 shares of company stock worth $1,957,399 in the last 90 days. Company insiders own 44.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd acquired a new position in Universal Security Instruments in the third quarter valued at $42,000. Bridgeway Capital Management LLC purchased a new position in shares of Universal Security Instruments during the fourth quarter worth about $56,000. Geode Capital Management LLC increased its position in 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 during the period. Heron Bay Capital Management purchased a new stake in Universal Security Instruments during the 4th quarter valued at approximately $186,000. Finally, Two Sigma Investments LP acquired a new stake in Universal Security Instruments during the 3rd quarter worth approximately $198,000.

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.