Insider Buying: Universal Security Instruments (NYSE:UUU) Director Purchases $28,840.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 4,000 shares of the business’s stock in a transaction on Wednesday, September 24th. The stock was purchased at an average cost of $7.21 per share, for a total transaction of $28,840.00. Following the transaction, the director owned 22,700 shares of the company’s stock, valued at $163,667. This trade represents a 21.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Universal Security Instruments Stock Down 33.2%

UUU opened at $4.23 on Monday. The firm has a market cap of $9.78 million, a P/E ratio of -7.55 and a beta of -0.54. Universal Security Instruments, Inc. has a 52 week low of $1.11 and a 52 week high of $8.27. The business has a fifty day simple moving average of $4.46 and a 200-day simple moving average of $3.15.

Universal Security Instruments Dividend Announcement

The firm also recently announced a special dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 18th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, September 26th.

About Universal Security Instruments

Universal Security Instruments, Inc, together with its subsidiary, engages in the marketing and distribution of safety and security products in the United States. The company offers a line of safety alarms units, including replaceable batteries, sealed batteries, and battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ventilation products, ground fault circuit interrupters, and other electrical devices under the UNIVERSAL and USI Electric trade names.