Insider Buying: Universal Security Instruments (NYSE:UUU) Director Acquires 5,631 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 5,631 shares of the stock in a transaction on Tuesday, December 2nd. The stock was purchased at an average cost of $4.31 per share, with a total value of $24,269.61. Following the acquisition, the director owned 101,000 shares in the company, valued at approximately $435,310. This represents a 5.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Universal Security Instruments Stock Down 1.2%

UUU traded down $0.05 during midday trading on Thursday, hitting $4.25. 67,252 shares of the company were exchanged, compared to its average volume of 372,822. The firm has a market capitalization of $9.83 million, a P/E ratio of -7.59 and a beta of -0.26. The firm’s 50 day moving average price is $4.62 and its 200-day moving average price is $4.04. Universal Security Instruments, Inc. has a 1-year low of $1.65 and a 1-year high of $8.27.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Universal Security Instruments stock. Qube Research & Technologies Ltd purchased a new stake in shares of Universal Security Instruments, Inc. (NYSE:UUU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,562 shares of the company’s stock, valued at approximately $42,000. Qube Research & Technologies Ltd owned 0.46% of Universal Security Instruments as of its most recent filing with the Securities & Exchange Commission.

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.