Insider Buying: Universal Security Instruments, Inc. (NYSE:UUU) Director Purchases $15,100.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton C. Ault III bought 5,000 shares of Universal Security Instruments stock in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average cost of $3.02 per share, with a total value of $15,100.00. Following the completion of the acquisition, the director now directly owns 8,725 shares in the company, valued at $26,349.50. This represents a 134.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Universal Security Instruments Trading Down 0.7%

Universal Security Instruments stock opened at $2.90 on Monday. The firm has a 50 day moving average of $2.14 and a 200 day moving average of $2.13. The firm has a market capitalization of $6.71 million, a price-to-earnings ratio of -5.18 and a beta of -0.13. Universal Security Instruments, Inc. has a 12-month low of $1.11 and a 12-month high of $3.08.

Institutional Investors Weigh In On Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Raymond James Financial Inc. purchased a new position in Universal Security Instruments, Inc. (NYSE:UUU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 73,513 shares of the company’s stock, valued at approximately $174,000. Raymond James Financial Inc. owned 3.18% of Universal Security Instruments at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on shares of Universal Security Instruments in a report on Friday, May 16th. They issued a “hold” rating for the company.

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.