Universal Security Instruments (NYSE:UUU) Director Acquires $26,298.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 5,400 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was acquired at an average price of $4.87 per share, for a total transaction of $26,298.00. Following the completion of the acquisition, the director directly owned 142,031 shares in the company, valued at approximately $691,690.97. This represents a 3.95% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Universal Security Instruments Stock Performance

Shares of NYSE:UUU opened at $4.96 on Thursday. The stock has a market capitalization of $11.47 million, a price-to-earnings ratio of -8.86 and a beta of -0.26. Universal Security Instruments, Inc. has a 1-year low of $1.65 and a 1-year high of $8.27. The company has a 50 day moving average price of $4.61 and a 200 day moving average price of $4.20.

Institutional Investors Weigh In On Universal Security Instruments

An institutional investor recently bought a new position in Universal Security Instruments stock. Two Sigma Investments LP purchased a new position in Universal Security Instruments, Inc. (NYSE:UUU) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 49,499 shares of the company’s stock, valued at approximately $198,000. Two Sigma Investments LP owned about 2.14% of Universal Security Instruments at the end of the most recent quarter.

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.