Universal Security Instruments (NYSE:UUU) Trading Up 1.2% – Time to Buy?

Shares of Universal Security Instruments, Inc. (NYSE:UUU) shot up 1.2% on Friday . The company traded as high as $3.67 and last traded at $3.45. 5,905 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 73,725 shares. The stock had previously closed at $3.41.

Universal Security Instruments Price Performance

The business has a 50 day moving average of $4.22 and a 200 day moving average of $5.18. The firm has a market capitalization of $10.45 million, a price-to-earnings ratio of -6.16 and a beta of 0.05.

Hedge Funds Weigh In On Universal Security Instruments

Several institutional investors and hedge funds have recently made changes to their positions in UUU. Quantbot Technologies LP bought a new stake in shares of Universal Security Instruments in the 2nd quarter valued at $222,000. Virtus Advisers LLC bought a new position in Universal Security Instruments during the second quarter worth about $271,000. The Manufacturers Life Insurance Company acquired a new position in Universal Security Instruments in the second quarter valued at about $523,000. Qube Research & Technologies Ltd bought a new stake in shares of Universal Security Instruments in the third quarter worth about $42,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Universal Security Instruments during the second quarter worth about $562,000.

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.