Universal Technical Stock Gaps Up On Today's Open (UTI)
Shares of Universal Technical Institute (NYSE:UTI) were gapping up Thursday morning with an open price 10.1% higher than Wednesday's closing price. The stock closed at $17.40 yesterday and opened today's trading at $19.16.
NEW YORK ( TheStreet) -- Shares of Universal Technical Institute (NYSE: UTI) were gapping up Thursday morning with an open price 10.1% higher than Wednesday's closing price. The stock closed at $17.40 Wednesday and opened today's trading at $19.16. The average volume for Universal Technical has been 77,800 shares per day over the past 30 days. Universal Technical has a market cap of $443.5 million and is part of the services sector and diversified services industry. Shares are down 21% year to date as of the close of trading on Wednesday. Universal Technical Institute, Inc. provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians in the United States. The company has a P/E ratio of 14.5, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Universal Technical as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Universal Technical Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.