Universal Security Instruments (NYSE:UUU) Director Milton Ault III Acquires 3,360 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 3,360 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of $4.93 per share, with a total value of $16,564.80. Following the completion of the transaction, the director owned 162,457 shares in the company, valued at $800,913.01. This represents a 2.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Universal Security Instruments Stock Performance

Shares of UUU stock opened at $5.16 on Friday. The firm has a market capitalization of $11.94 million, a PE ratio of -9.21 and a beta of -0.26. Universal Security Instruments, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $8.27. The stock’s 50-day simple moving average is $4.58 and its 200-day simple moving average is $4.34.

Hedge Funds Weigh In On Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Qube Research & Technologies Ltd bought a new stake in Universal Security Instruments, Inc. (NYSE:UUU) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,562 shares of the company’s stock, valued at approximately $42,000. Qube Research & Technologies Ltd owned 0.46% 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.