Universal Security Instruments (NYSE:UUU) Director Acquires $30,100.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 5,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were purchased at an average cost of $6.02 per share, for a total transaction of $30,100.00. Following the completion of the purchase, the director directly owned 1,120,262 shares of the company’s stock, valued at approximately $6,743,977.24. The trade was a 0.45% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Universal Security Instruments Stock Up 1.2%

NYSE UUU traded up $0.06 during trading on Monday, reaching $5.06. 18,604 shares of the stock traded hands, compared to its average volume of 74,024. The stock’s 50-day moving average price is $4.20 and its 200 day moving average price is $5.24. Universal Security Instruments, Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $8.27. The firm has a market cap of $15.33 million, a price-to-earnings ratio of -9.04 and a beta of 0.05.

Institutional Investors Weigh In On Universal Security Instruments

Large investors have recently modified their holdings of the business. Bank of America Corp DE bought a new position in Universal Security Instruments in the 2nd quarter valued at approximately $2,973,000. Jupiter Topco LLC bought a new position in shares of Universal Security Instruments in the second quarter valued at approximately $562,000. Legal & General Group Plc bought a new position in shares of Universal Security Instruments during the 2nd quarter worth approximately $2,947,000. The Manufacturers Life Insurance Company purchased a new position in shares of Universal Security Instruments in the 2nd quarter worth about $523,000. Finally, Brandywine Trust Co. bought a new position in Universal Security Instruments during the second quarter valued at about $778,000.

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.