Milton Ault III Purchases 95,000 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 95,000 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was acquired at an average price of $6.00 per share, for a total transaction of $570,000.00. Following the acquisition, the director directly owned 257,457 shares in the company, valued at $1,544,742. This trade represents a 58.48% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Universal Security Instruments Stock Performance

Shares of UUU stock traded up $0.78 during trading on Wednesday, hitting $4.69. 193,902 shares of the company were exchanged, compared to its average volume of 204,346. The firm has a market capitalization of $10.85 million, a price-to-earnings ratio of -8.37 and a beta of -0.41. The business’s 50-day simple moving average is $4.70 and its 200 day simple moving average is $4.56. Universal Security Instruments, Inc. has a twelve month low of $1.65 and a twelve month high of $8.27.

Institutional Investors 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 position in Universal Security Instruments, Inc. (NYSE:UUU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 and Exchange Commission (SEC).

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.