Universal Security Instruments (NYSE:UUU) Director Purchases $60,800.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 10,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was bought at an average price of $6.08 per share, with a total value of $60,800.00. Following the completion of the purchase, the director owned 1,115,262 shares of the company’s stock, valued at $6,780,792.96. This trade represents a 0.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Universal Security Instruments Stock Performance

Shares of Universal Security Instruments stock traded down $0.04 on Wednesday, reaching $5.66. 44,941 shares of the company were exchanged, compared to its average volume of 74,484. The firm has a market cap of $17.14 million, a price-to-earnings ratio of -10.11 and a beta of 0.05. Universal Security Instruments, Inc. has a 1-year low of $3.02 and a 1-year high of $8.27. The company’s 50-day moving average is $4.18 and its two-hundred day moving average is $5.22.

Institutional Trading of Universal Security Instruments

Several hedge funds have recently bought and sold shares of the company. Pzena Investment Management LLC acquired a new position in shares of Universal Security Instruments during the second quarter worth approximately $18,963,000. Jupiter Topco LLC acquired a new stake in Universal Security Instruments in the 2nd quarter valued at approximately $562,000. Legal & General Group Plc bought a new stake in Universal Security Instruments during the 2nd quarter valued at $2,947,000. The Manufacturers Life Insurance Company bought a new stake in Universal Security Instruments during the 2nd quarter valued at $523,000. Finally, Bridgeway Capital Management LLC acquired a new position in Universal Security Instruments during the 4th quarter worth $56,000.

About Universal Security Instruments

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.