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Universal Security Instruments ( (UUU) ) just unveiled an announcement.
On October 29, 2024, Universal Security Instruments, Inc. entered into an Asset Purchase Agreement with Feit Electric Company, selling its smoke and carbon monoxide alarm inventory for approximately $4.96 million. The sale, approved by shareholders on April 15, 2025, allows the company to continue operations in importing and marketing other product lines. Additionally, on May 22, 2025, two new directors, Henry Nisser and Milton C. Ault, III, were appointed to the board, aligning with a Memorandum of Understanding with Ault & Company, Inc.
Spark’s Take on UUU Stock
According to Spark, TipRanks’ AI Analyst, UUU is a Neutral.
Universal Security Instruments faces significant financial challenges, with negative profitability and weak cash flow generation. Despite these issues, the stock shows strong technical momentum, suggesting potential short-term trading opportunities. However, the lack of profitability and negative valuation metrics pose risks to long-term investors.
To see Spark’s full report on UUU stock, click here.
More about Universal Security Instruments
Universal Security Instruments, Inc. operates in the security industry, focusing on the production and marketing of safety devices such as smoke alarms and carbon monoxide alarms. The company is shifting its market focus to other product lines following the sale of its alarm inventory.
Average Trading Volume: 31,809
Technical Sentiment Signal: Hold
Current Market Cap: $5.48M
See more data about UUU stock on TipRanks’ Stock Analysis page.