Insider Buying: Universal Security Instruments (NYSE:UUU) Director Acquires 3,000 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 3,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was purchased at an average cost of $4.98 per share, for a total transaction of $14,940.00. Following the transaction, the director owned 50,710 shares of the company’s stock, valued at $252,535.80. This trade represents a 6.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Universal Security Instruments Stock Down 3.8%

Shares of NYSE UUU opened at $4.60 on Friday. The firm has a market cap of $10.64 million, a price-to-earnings ratio of -8.21 and a beta of -0.47. Universal Security Instruments, Inc. has a 52-week low of $1.12 and a 52-week high of $8.27. The business’s 50 day moving average is $4.56 and its two-hundred day moving average is $3.20.

Universal Security Instruments Dividend Announcement

The company also recently announced a special dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 18th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, September 26th.

About Universal Security Instruments

Universal Security Instruments, Inc, together with its subsidiary, engages in the marketing and distribution of safety and security products in the United States. The company offers a line of safety alarms units, including replaceable batteries, sealed batteries, and battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ventilation products, ground fault circuit interrupters, and other electrical devices under the UNIVERSAL and USI Electric trade names.