Universal Security Instruments (NYSE:UUU) Stock: Insider Milton Ault III Buys 18,000 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 18,000 shares of the stock in a transaction on Wednesday, September 30th. The shares were purchased at an average price of $5.13 per share, for a total transaction of $92,340.00. Following the transaction, the director directly owned 1,166,096 shares of the company’s stock, valued at approximately $5,982,072.48. This represents a 1.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Universal Security Instruments Price Performance

UUU stock traded up $0.06 during mid-day trading on Thursday, hitting $5.19. 15,594 shares of the stock were exchanged, compared to its average volume of 67,753. The business has a fifty day moving average price of $4.65 and a 200 day moving average price of $5.29. Universal Security Instruments, Inc. has a 12 month low of $3.02 and a 12 month high of $7.82. The stock has a market capitalization of $15.72 million, a price-to-earnings ratio of -9.27 and a beta of 0.09.

Universal Security Instruments Company Profile

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.