Universal Security sees no trigger for over four-fold stock bounce

Universal Safety Products

29/12/2020 18:19

** Shares of smoke and carbon monoxide alarms maker  UUU.A  
rise as much as 353% to a more than 13-year high of $13.94
    ** Stock gains for third straight session and is set to post
its biggest one-day pct gain on record 
    ** UUU says it is not aware of "any undisclosed material
change or development in its business and operations" that would
account for the jump in its shares   urn:newsml:reuters.com:*:nPn3XJ194a
    ** UUU said last month that its sales rose about 18% to $9.4
mln for the six months ended Sept. 30, helped by higher
shipments to a large national retailer  urn:newsml:reuters.com:*:nPnc8FRVna
    ** UUU shares have gained 866% in value YTD 

 (Reporting by Ankit Ajmera in Bengaluru)
 ((Ankit.Ajmera@thomsonreuters.com))