Insider Buying: Universal Security Instruments (NYSE:UUU) Director Purchases $65,900.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 10,000 shares of Universal Security Instruments stock in a transaction on Monday, August 24th. The stock was purchased at an average price of $6.59 per share, with a total value of $65,900.00. Following the transaction, the director directly owned 1,096,533 shares in the company, valued at approximately $7,226,152.47. This trade represents a 0.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Universal Security Instruments Price Performance

Shares of UUU traded down $0.04 on Wednesday, reaching $5.66. 44,941 shares of the stock traded hands, compared to its average volume of 74,484. The firm has a market cap of $17.14 million, a price-to-earnings ratio of -10.11 and a beta of 0.05. Universal Security Instruments, Inc. has a 12 month low of $3.02 and a 12 month high of $8.27. The stock’s 50-day moving average price is $4.18 and its 200-day moving average price is $5.22.

Institutional Investors Weigh In On Universal Security Instruments

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new position in shares of Universal Security Instruments in the 2nd quarter worth approximately $2,973,000. Jupiter Topco LLC bought a new position in shares of Universal Security Instruments during the 2nd quarter worth approximately $562,000. Legal & General Group Plc acquired a new stake in Universal Security Instruments in the 2nd quarter valued at $2,947,000. The Manufacturers Life Insurance Company acquired a new stake in Universal Security Instruments in the 2nd quarter valued at $523,000. Finally, Brandywine Trust Co. bought a new position in shares of Universal Security Instruments during the second quarter valued at $778,000.

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.