Universal Security Instruments (NYSE:UUU) Director Milton Ault III Acquires 205,000 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 205,000 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were purchased at an average price of $6.00 per share, with a total value of $1,230,000.00. Following the acquisition, the director directly owned 462,457 shares in the company, valued at $2,774,742. This represents a 79.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Universal Security Instruments Stock Performance

Shares of NYSE:UUU traded up $0.24 on Friday, reaching $4.40. The company’s stock had a trading volume of 72,443 shares, compared to its average volume of 236,757. The company has a 50-day simple moving average of $4.90 and a 200 day simple moving average of $4.66. Universal Security Instruments, Inc. has a 52-week low of $1.65 and a 52-week high of $8.27. The company has a market cap of $10.18 million, a P/E ratio of -7.86 and a beta of -0.21.

Institutional Trading of Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Two Sigma Investments LP bought a new stake in shares of Universal Security Instruments, Inc. (NYSE:UUU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 49,499 shares of the company’s stock, valued at approximately $198,000. Two Sigma Investments LP owned 2.14% of Universal Security Instruments as of its most recent filing with the Securities and Exchange Commission.

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.