UTi Worldwide Rises On Unusually High Volume (UTIW)

NEW YORK ( TheStreet) -- UTi Worldwide (Nasdaq: UTIW) is trading at unusually high volume Thursday with 1.6 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.48 (+7.4%) at $21.46 as of 3:52 p.m. ET.

UTi Worldwide has a market cap of $2 billion and is part of the services sector and transportation industry. Shares are down 6.7% year to date as of the close of trading on Wednesday.

UTi Worldwide Inc., through its subsidiaries, operates as a supply chain services and solutions company. The company has a P/E ratio of 29.1, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 16.4.

TheStreet Ratings rates UTi Worldwide as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full UTi Worldwide Ratings Report.

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