Key Points
- Director Milton Ault III purchased 7,506 shares of Universal Security Instruments at an average price of $6.13, investing approximately $46,012. His direct holdings increased to 1,065,861 shares.
- UUU opened at $6.40, with a market capitalization of about $19.4 million. The stock has traded between $3.02 and $8.27 over the past year, while its 50-day and 200-day moving averages stood at $4.14 and $5.20, respectively.
- Several institutional investors recently initiated positions in the company, including Jupiter Topco, The Manufacturers Life Insurance Company, Virtus Advisers, Quantbot Technologies and Qube Research & Technologies.
Universal Security Instruments, Inc. (NYSE:UUU - Get Free Report) Director Milton Ault III bought 7,506 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $6.13 per share, with a total value of $46,011.78. Following the completion of the transaction, the director directly owned 1,065,861 shares of the company's stock, valued at $6,533,727.93. This trade represents a 0.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Universal Security Instruments Stock Performance
NYSE:UUU opened at $6.40 on Friday. Universal Security Instruments, Inc. has a one year low of $3.02 and a one year high of $8.27. The firm has a market cap of $19.39 million, a price-to-earnings ratio of -11.43 and a beta of 0.05. The firm's fifty day moving average is $4.14 and its two-hundred day moving average is $5.20.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of UUU. Quantbot Technologies LP acquired a new position in Universal Security Instruments in the second quarter valued at approximately $222,000. Virtus Advisers LLC purchased a new stake in Universal Security Instruments in the 2nd quarter worth approximately $271,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Universal Security Instruments during the 2nd quarter worth approximately $523,000. Qube Research & Technologies Ltd acquired a new stake in shares of Universal Security Instruments during the 3rd quarter worth approximately $42,000. Finally, Jupiter Topco LLC purchased a new position in shares of Universal Security Instruments during the 2nd quarter valued at approximately $562,000.
Universal Security Instruments Company Profile
(
Get Free Report)
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.
Further Reading
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