Universal Security Instruments (NYSE:UUU) Director Buys $12,700.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 2,000 shares of Universal Security Instruments stock in a transaction dated Wednesday, March 18th. The stock was acquired at an average cost of $6.35 per share, with a total value of $12,700.00. Following the completion of the acquisition, the director owned 636,839 shares of the company’s stock, valued at $4,043,927.65. This represents a 0.32% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Universal Security Instruments Trading Down 2.5%

Shares of Universal Security Instruments stock opened at $5.94 on Friday. The business’s fifty day simple moving average is $5.04 and its 200 day simple moving average is $5.03. The firm has a market capitalization of $16.14 million, a P/E ratio of -10.61 and a beta of -0.17. Universal Security Instruments, Inc. has a 12 month low of $1.65 and a 12 month high of $8.27.

Hedge Funds Weigh In On Universal Security Instruments

Several institutional investors have recently bought and sold shares of the company. DRW Securities LLC grew its holdings in Universal Security Instruments by 24.6% during the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock valued at $402,000 after purchasing an additional 15,404 shares during the period. Two Sigma Investments LP bought a new position in Universal Security Instruments during the third quarter valued at $198,000. Heron Bay Capital Management purchased a new stake in Universal Security Instruments in the fourth quarter worth $186,000. Geode Capital Management LLC increased its position in Universal Security Instruments by 22.8% in the fourth quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock worth $79,000 after buying an additional 2,850 shares during the last quarter. Finally, Bridgeway Capital Management LLC bought a new stake in shares of Universal Security Instruments in the fourth quarter valued at $56,000.

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.