Key Points
- Director Milton Ault III bought 18,000 shares of Universal Security Instruments at an average price of $5.13, investing $92,340 and increasing his stake by 1.57% to 1,166,096 shares.
- UUU shares opened at $5.19, with a 52-week range of $3.02 to $7.82. The company has a market capitalization of approximately $15.72 million and a negative P/E ratio of -9.27.
- Universal Security Instruments develops and distributes home and business safety products, including smoke alarms, carbon monoxide detectors, fire extinguishers, and related equipment.
Universal Security Instruments, Inc. (NYSE:UUU - Get Free Report) Director Milton Ault III acquired 18,000 shares of the stock in a transaction on Wednesday, September 30th. The shares were bought at an average cost of $5.13 per share, for a total transaction of $92,340.00. Following the purchase, the director directly owned 1,166,096 shares of the company's stock, valued at $5,982,072.48. The trade was a 1.57% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Universal Security Instruments Stock Up 1.2%
Shares of UUU opened at $5.19 on Friday. Universal Security Instruments, Inc. has a 52-week low of $3.02 and a 52-week high of $7.82. The stock has a fifty day simple moving average of $4.67 and a two-hundred day simple moving average of $5.28. The company has a market capitalization of $15.72 million, a PE ratio of -9.27 and a beta of 0.09.
Universal Security Instruments Company Profile
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Universal Security Instruments, Inc is a safety-products company that develops, manufactures and distributes devices designed to help protect homes and businesses from fire and other household hazards. Its product portfolio is centered on smoke alarms and carbon monoxide alarms, including battery-powered and hardwired models.
The company also offers related safety products, including fire extinguishers and other fire-prevention equipment. Products are marketed under Universal Security Instruments and USI Electric brand names, as well as through private-label and other distribution arrangements.
Founded in 1969, Universal Security Instruments is headquartered in Owings Mills, Maryland.
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