Universal Security Instruments (NYSEAMERICAN:UUU) Stock Price Up 14.2%

Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) shares traded up 14.2% during mid-day trading on Thursday . The company traded as high as $2.40 and last traded at $2.17. 168,070 shares were traded during mid-day trading, a decline of 18% from the average session volume of 205,250 shares. The stock had previously closed at $1.90.

Universal Security Instruments (NYSEAMERICAN:UUU) last issued its quarterly earnings results on Wednesday, August 19th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $2.94 million for the quarter.

A hedge fund recently raised its stake in Universal Security Instruments stock. Wilen Investment Management CORP. increased its stake in shares of Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) by 606.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,703 shares of the company’s stock after buying an additional 137,942 shares during the quarter. Wilen Investment Management CORP. owned about 6.96% of Universal Security Instruments worth $112,000 at the end of the most recent quarter.

About Universal Security Instruments (NYSEAMERICAN:UUU)

Universal Security Instruments, Inc, together with its subsidiary, designs, markets, and distributes safety and security products for use in homes and businesses in the United States and internationally. The company offers a line of safety alarms, including units powered by replaceable batteries, sealed batteries, and electrical batteries with battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ground fault circuit interrupters, and ventilation products.

Further Reading: Cost of Capital Explained

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