Universal Technical Institute Inc. (UTI) Trading 9.3% Higher
Universal Technical Institute Inc. (NYSE:UTI) shares traded up 9.3% on Monday . The company traded as high as $2.71 and last traded at $2.59, with a volume of 56,067 shares changing hands. The stock had previously closed at $2.37.
The firm has a 50-day moving average of $2.63 and a 200-day moving average of $3.49. The firm’s market cap is $65.24 million.
Universal Technical Institute (NYSE:UTI) last posted its earnings results on Thursday, April 28th. The company reported ($0.17) EPS for the quarter, meeting analysts’ consensus estimates of ($0.17). During the same period last year, the business posted $0.02 EPS. The business had revenue of $88.20 million for the quarter, compared to analysts’ expectations of $84.50 million. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. Analysts predict that Universal Technical Institute Inc. will post ($1.05) EPS for the current fiscal year.
An institutional investor recently raised its position in Universal Technical Institute stock. First Trust Advisors LP raised its position in shares of Universal Technical Institute Inc. (NYSE:UTI) by 150.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 582,469 shares of the company’s stock after buying an additional 350,001 shares during the period. First Trust Advisors LP owned 2.40% of Universal Technical Institute worth $2,714,000 at the end of the most recent quarter.
Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. The Company segments are Postsecondary education and Other. It offers undergraduate degree or diploma programs at approximately 10 campuses across the United States under the banner of various brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute.
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