Universal Technical Institute (NYSE:UTI) Shares Pass Above Fifty Day Moving Average of $3.37

Universal Technical Institute, Inc. (NYSE:UTI)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.37 and traded as high as $3.69. Universal Technical Institute shares last traded at $3.67, with a volume of 8,140 shares traded.

A number of brokerages have weighed in on UTI. Zacks Investment Research lowered Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. ValuEngine downgraded Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Monday, April 1st.

The company’s 50 day moving average price is $3.39. The stock has a market cap of $94.34 million, a price-to-earnings ratio of -2.22 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.10). The company had revenue of $81.75 million for the quarter, compared to the consensus estimate of $81.60 million. Universal Technical Institute had a negative net margin of 11.16% and a negative return on equity of 25.21%. On average, sell-side analysts predict that Universal Technical Institute, Inc. will post -0.77 earnings per share for the current year.

Several large investors have recently made changes to their positions in UTI. Northern Trust Corp grew its stake in shares of Universal Technical Institute by 163.9% during the 4th quarter. Northern Trust Corp now owns 143,804 shares of the company’s stock valued at $525,000 after acquiring an additional 89,307 shares during the period. Mcclain Value Management LLC lifted its holdings in Universal Technical Institute by 23.4% in the 1st quarter. Mcclain Value Management LLC now owns 252,679 shares of the company’s stock worth $862,000 after purchasing an additional 47,901 shares in the last quarter. Regentatlantic Capital LLC purchased a new position in Universal Technical Institute in the 1st quarter worth approximately $72,000. BlackRock Inc. lifted its holdings in Universal Technical Institute by 3.6% in the 4th quarter. BlackRock Inc. now owns 519,982 shares of the company’s stock worth $1,897,000 after purchasing an additional 17,878 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Universal Technical Institute by 29.6% in the 4th quarter. Bank of New York Mellon Corp now owns 25,482 shares of the company’s stock worth $93,000 after purchasing an additional 5,824 shares in the last quarter. Institutional investors own 59.97% of the company’s stock.

Universal Technical Institute Company Profile (NYSE:UTI)

Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians in the United States. It offers certificate, diploma, or degree programs; and specialized technical education programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

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