Universal Security Instruments, Inc. (NYSE:UUU – Get Free Report) shares were down 3.9% during mid-day trading on Tuesday. The company traded as low as $4.64 and last traded at $4.72. Approximately 11,967 shares changed hands during trading, a decline of 83% from the average session volume of 69,833 shares. The stock had previously closed at $4.91.
Universal Security Instruments Price Performance
The stock has a market capitalization of $15.36 million, a P/E ratio of -9.05 and a beta of 0.09. The stock’s fifty day moving average price is $4.53 and its 200 day moving average price is $5.30.
Insiders Place Their Bets
In other Universal Security Instruments news, Director Milton C. Ault III bought 12,034 shares of the company’s stock in a transaction on Wednesday, September 23rd. The shares were bought at an average cost of $5.11 per share, for a total transaction of $61,493.74. Following the acquisition, the director directly owned 1,148,096 shares in the company, valued at approximately $5,866,770.56. The trade was a 1.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have bought 134,144 shares of company stock valued at $758,282 over the last ninety days. 44.54% of the stock is owned by corporate insiders.
About Universal Security Instruments
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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