Universal Technical Institute Inc. (NYSE:UTI) shares shot up 4.8% during mid-day trading on Thursday . The stock traded as high as $2.60 and last traded at $2.60, with a volume of 59,490 shares. The stock had previously closed at $2.48.

The stock has a 50-day moving average of $2.46 and a 200-day moving average of $3.33. The firm’s market capitalization is $57.46 million.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Thursday, August 4th. The company reported ($0.21) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.01. The firm earned $82.30 million during the quarter, compared to analyst estimates of $81.60 million. Equities analysts predict that Universal Technical Institute Inc. will post ($1.54) earnings per share for the current 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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