Universal Technical Institute Inc (NYSE:UTI - Get Free Report) shares dropped 5.6% on Tuesday . The stock traded as low as $30.43 and last traded at $30.04. Approximately 207,588 shares traded hands during trading, a decline of 73% from the average daily volume of 762,802 shares. The stock had previously closed at $31.81.
Analyst Upgrades and Downgrades
UTI has been the subject of several recent research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Universal Technical Institute in a research report on Saturday, September 27th. Wall Street Zen cut Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Barrington Research reissued an "outperform" rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Monday, September 29th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $35.83.
Read Our Latest Stock Analysis on Universal Technical Institute
Universal Technical Institute Stock Performance
The company has a fifty day moving average of $28.59 and a two-hundred day moving average of $30.20. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 2.05 and a beta of 1.58. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00.
Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%.The company had revenue of $204.30 million during the quarter, compared to the consensus estimate of $200.01 million. As a group, equities research analysts predict that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Universal Technical Institute
Large investors have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. acquired a new position in Universal Technical Institute in the 2nd quarter valued at $27,000. Penserra Capital Management LLC bought a new stake in Universal Technical Institute during the second quarter worth about $28,000. KBC Group NV acquired a new stake in Universal Technical Institute during the second quarter worth about $34,000. PNC Financial Services Group Inc. increased its holdings in Universal Technical Institute by 17,142.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company's stock valued at $41,000 after buying an additional 1,200 shares during the period. Finally, CWM LLC raised its position in shares of Universal Technical Institute by 105.0% in the 1st quarter. CWM LLC now owns 2,167 shares of the company's stock valued at $56,000 after buying an additional 1,110 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.
Universal Technical Institute Company Profile
(
Get Free Report)
Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Universal Technical Institute, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Universal Technical Institute wasn't on the list.
While Universal Technical Institute currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
