NEW YORK ( TheStreet) -- Shares of UTi Worldwide (Nasdaq: UTIW) were gapping up Thursday morning with an open price 12.1% higher than Wednesday's closing price. The stock closed at $13.54 Wednesday and opened today's trading at $15.18.

The average volume for UTi Worldwide has been 733,700 shares per day over the past 30 days. UTi Worldwide has a market cap of $1.4 billion and is part of the services sector and transportation industry. Shares are down 36.1% 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 20.3, above the average transportation industry P/E ratio of 20 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates UTi Worldwide as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. You can view the full UTi Worldwide Ratings Report.

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