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

Trade-Ideas LLC identified UTi Worldwide ( UTIW) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified UTi Worldwide as such a stock due to the following factors:

  • UTIW has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.7 million.
  • UTIW traded 2.9 million shares today in the pre-market hours as of 7:40 AM, representing 187% of its average daily volume.

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More details on UTIW:

UTi Worldwide Inc. operates as a non-asset-based supply chain services and solutions company. It operates through two segments, Freight Forwarding, and Contract Logistics and Distribution. Currently there is 1 analyst that rates UTi Worldwide a buy, no analysts rate it a sell, and 8 rate it a hold.

The average volume for UTi Worldwide has been 1.4 million shares per day over the past 30 days. UTi Worldwide has a market cap of $499.5 million and is part of the services sector and transportation industry. The stock has a beta of 0.79 and a short float of 17.7% with 9.35 days to cover. Shares are down 59.6% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates UTi Worldwide as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

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