Universal Security Instruments (NYSE:UUU) Stock Price Down 0.2% – Time to Sell?

Universal Security Instruments, Inc. (NYSE:UUU)’s stock price traded down 0.2% on Tuesday . The company traded as low as $6.31 and last traded at $6.43. 30,277 shares traded hands during trading, a decline of 69% from the average session volume of 96,999 shares. The stock had previously closed at $6.44.

Universal Security Instruments Trading Down 1.6%

The firm has a market capitalization of $16.58 million, a P/E ratio of -10.89 and a beta of -0.03. The business’s 50 day simple moving average is $6.29 and its two-hundred day simple moving average is $5.44.

Insiders Place Their Bets

In other news, Director Milton C. Ault III acquired 185,000 shares of Universal Security Instruments stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $5.75 per share, for a total transaction of $1,063,750.00. Following the purchase, the director owned 1,025,252 shares in the company, valued at $5,895,199. This trade represents a 22.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have bought 382,015 shares of company stock worth $2,208,385. 9.08% of the stock is currently owned by company insiders.

Institutional Trading of Universal Security Instruments

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bridgeway Capital Management LLC bought a new stake in shares of Universal Security Instruments in the fourth quarter worth approximately $56,000. Heron Bay Capital Management bought a new stake in shares of Universal Security Instruments in the fourth quarter worth approximately $186,000. DRW Securities LLC grew its stake in shares of Universal Security Instruments by 24.6% in the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock worth $402,000 after acquiring an additional 15,404 shares during the period. Geode Capital Management LLC grew its stake in shares of Universal Security Instruments by 22.8% in the fourth 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 during the period. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Universal Security Instruments in the third quarter worth approximately $42,000.

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.