Shares of Universal Technical Institute Inc. (NYSE:UTI) were down 3.1% on Friday . The stock traded as low as $2.08 and last traded at $2.16, with a volume of 50,949 shares changing hands. The stock had previously closed at $2.23.

The company’s market cap is $52.59 million. The firm’s 50 day moving average is $2.44 and its 200-day moving average is $3.43.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.01. The company had revenue of $82.30 million for the quarter, compared to analysts’ expectations of $81.60 million. Equities research analysts forecast that Universal Technical Institute Inc. will post ($1.54) earnings per share for the current fiscal year.

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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