Universal Security Instruments, Inc. (NYSE:UUU – Get Free Report) Director Milton Ault III purchased 24,328 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average cost of $5.58 per share, with a total value of $135,750.24. Following the purchase, the director directly owned 1,059,855 shares in the company, valued at approximately $5,913,990.90. The trade was a 2.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Universal Security Instruments Price Performance
UUU stock opened at $6.40 on Friday. The company’s 50 day simple moving average is $4.14 and its 200-day simple moving average is $5.20. Universal Security Instruments, Inc. has a 12 month low of $3.02 and a 12 month high of $8.27. The firm has a market capitalization of $19.39 million, a PE ratio of -11.43 and a beta of 0.05.
Institutional Trading of Universal Security Instruments
A number of hedge funds have recently bought and sold shares of the company. Two Sigma Investments LP purchased a new stake in Universal Security Instruments in the 3rd quarter worth approximately $198,000. Qube Research & Technologies Ltd acquired a new position in Universal Security Instruments in the 3rd quarter valued at $42,000. Geode Capital Management LLC lifted its stake in shares of Universal Security Instruments by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock worth $79,000 after purchasing an additional 2,850 shares during the period. DRW Securities LLC boosted its holdings in shares of Universal Security Instruments by 24.6% during the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock worth $402,000 after purchasing an additional 15,404 shares during the last quarter. Finally, Heron Bay Capital Management purchased a new stake in shares of Universal Security Instruments in the fourth quarter valued at $186,000.
Universal Security Instruments Company Profile
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.
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