Universal Technical Institute, Inc. provides transportation and technical training programs in the United States. The company provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians. It also offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute. In addition, the company provides manufacturer specific advanced training programs, including student paid electives at its campuses; and manufacturer or dealer sponsored training at various campuses and dedicated training centers, as well as offers programs for welding and computer numeric control machining. As of September 30, 2021, it operated 12 campuses. Universal Technical Institute, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.
Universal Technical Institute Trading Up 1.6 %
UTI Stock opened at $6.83 on Friday. The firm has a fifty day moving average price of $7.63 and a 200 day moving average price of $8.41. Universal Technical Institute has a fifty-two week low of $6.43 and a fifty-two week high of $11.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $230.63 million, a PE ratio of 12.42, a price-to-earnings-growth ratio of 0.87 and a beta of 0.65.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. StockNews.com downgraded shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research report on Friday. Rosenblatt Securities reduced their price objective on shares of Universal Technical Institute from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Thursday, August 4th. Barrington Research increased their target price on shares of Universal Technical Institute from $10.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday, May 5th. B. Riley upped their price objective on shares of Universal Technical Institute from $11.00 to $14.00 in a report on Wednesday, April 20th. Finally, Argus upgraded shares of Universal Technical Institute from a "hold" rating to a "buy" rating and set a $10.00 target price for the company in a report on Tuesday, June 28th. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Universal Technical Institute has an average rating of "Moderate Buy" and a consensus price target of $11.80.
Insider Transactions at Universal Technical Institute
In related news, CEO Jerome Alan Grant sold 20,000 shares of Universal Technical Institute stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $9.08, for a total value of $181,600.00. Following the completion of the sale, the chief executive officer now directly owns 87,152 shares in the company, valued at $791,340.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.50% of the company's stock.