Universal Security Instruments (NYSE:UUU) Director Buys $47,900.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 10,000 shares of the business’s stock in a transaction on Friday, October 3rd. The stock was bought at an average cost of $4.79 per share, for a total transaction of $47,900.00. Following the purchase, the director directly owned 65,407 shares of the company’s stock, valued at approximately $313,299.53. This trade represents a 18.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Universal Security Instruments Trading Up 3.0%

NYSE:UUU opened at $4.74 on Friday. Universal Security Instruments, Inc. has a 1-year low of $1.15 and a 1-year high of $8.27. The business’s 50-day moving average price is $4.59 and its two-hundred day moving average price is $3.22. The firm has a market capitalization of $10.96 million, a price-to-earnings ratio of -8.46 and a beta of -0.47.

Universal Security Instruments Announces Dividend

The firm also recently declared a special dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 18th were given a dividend of $1.00 per share. 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.