Universal Security Instruments, Inc. (NYSE:UUU – Get Free Report) Director Milton Ault III purchased 6,200 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average cost of $4.10 per share, with a total value of $25,420.00. Following the completion of the purchase, the director directly owned 1,030,252 shares in the company, valued at $4,224,033.20. The trade was a 0.61% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Universal Security Instruments Stock Up 38.1%
UUU traded up $1.72 during trading hours on Wednesday, reaching $6.24. 255,207 shares of the company’s stock traded hands, compared to its average volume of 74,879. The firm has a 50-day moving average price of $4.13 and a 200 day moving average price of $5.17. The firm has a market capitalization of $18.90 million, a PE ratio of -11.14 and a beta of 0.05. Universal Security Instruments, Inc. has a 52-week low of $2.86 and a 52-week high of $8.27.
Hedge Funds Weigh In On Universal Security Instruments
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Qube Research & Technologies Ltd purchased a new stake in Universal Security Instruments during the third quarter worth $42,000. Bridgeway Capital Management LLC purchased a new position in shares of Universal Security Instruments in the 4th quarter valued at $56,000. Geode Capital Management LLC raised its position in shares of Universal Security Instruments by 22.8% in the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock worth $79,000 after acquiring an additional 2,850 shares in the last quarter. Heron Bay Capital Management purchased a new stake in shares of Universal Security Instruments during the 4th quarter worth $186,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Universal Security Instruments during the 3rd quarter worth $198,000.
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.
Featured Stories
- Five stocks we like better than Universal Security Instruments
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Receive News & Ratings for Universal Security Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Security Instruments and related companies with MarketBeat.com's FREE daily email newsletter.
