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.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
null

If you liked this article you might like

4 Big Stocks on Traders' Radars -- and What You Should Do With Them Now

UTi Worldwide (UTIW) Stock Spikes on Sale to DSV

Trade-Ideas: UTi Worldwide (UTIW) Is Today's Pre-Market Mover With Heavy Volume Stock

Oct. 9 Premarket Briefing: 10 Things You Should Know

European Stocks Rise as Fed Seems in No Rush to Lift Rates