Universal Security Instruments (NYSE:UUU) Director Milton Ault III Purchases 95,000 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 95,000 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was acquired at an average price of $6.00 per share, for a total transaction of $570,000.00. Following the purchase, the director owned 257,457 shares of the company’s stock, valued at approximately $1,544,742. This represents a 58.48% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Universal Security Instruments Stock Up 19.9%

Shares of UUU traded up $0.78 during midday trading on Wednesday, hitting $4.69. The company had a trading volume of 193,902 shares, compared to its average volume of 204,346. The stock has a market cap of $10.85 million, a price-to-earnings ratio of -8.37 and a beta of -0.41. The company’s 50 day moving average price is $4.70 and its 200 day moving average price is $4.56. Universal Security Instruments, Inc. has a 52 week low of $1.65 and a 52 week high of $8.27.

Hedge Funds Weigh In On Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Two Sigma Investments LP acquired a new position in shares of Universal Security Instruments, Inc. (NYSE:UUU) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 49,499 shares of the company’s stock, valued at approximately $198,000. Two Sigma Investments LP owned approximately 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.