Universal Security Instruments (NYSE:UUU) Stock Falls 3% – Should You Sell?

Universal Security Instruments, Inc. (NYSE:UUU) shares traded down 3% during mid-day trading on Monday. The stock traded as low as $5.14 and last traded at $5.1310. Approximately 43,286 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 65,396 shares. The stock had previously closed at $5.29.

Universal Security Instruments Price Performance

The stock’s 50 day moving average is $5.12 and its two-hundred day moving average is $5.17. The stock has a market capitalization of $15.54 million, a PE ratio of -9.16 and a beta of 0.03.

Insider Activity

In related news, Director Milton C. Ault III bought 24,328 shares of the stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average price of $5.58 per share, for a total transaction of $135,750.24. Following the acquisition, the director owned 1,059,855 shares in the company, valued at approximately $5,913,990.90. This represents a 2.35% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have acquired 151,544 shares of company stock valued at $848,223. Corporate insiders own 44.54% of the company’s stock.

About Universal Security Instruments

Universal Security Instruments, Inc (NYSE: UUU) is a safety-products company that develops, manufactures, imports and distributes devices designed to protect people and property from fire, smoke and other household hazards. Its product portfolio includes smoke alarms, carbon monoxide alarms and combination smoke and carbon monoxide alarms.

The company also offers related safety and security products, including fire extinguishers, electrical safety devices and specialized alarms and accessories.