Weakness Seen in UTi Worldwide (UTIW): Stock Plunges 29.6%

Zacks

UTi Worldwide Inc. (UTIW) saw a big move last session, as the company’s shares fell nearly 30% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for UTIW, as the stock is now down over 34% in the past one-month time frame.

The company, which provides transportation services, has not seen any revisions in the current year estimates over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

UTIW currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.

Some better-ranked stocks in the same sector include Dynagas LNG Partners LP (DLNG), Grupo TMM S.A.B. (GTMAY) and Student Transportation, Inc. (STB). All these stocks hold a Zacks Rank #2 (Buy).

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UTI WORLDWIDE INC (UTIW): Free Stock Analysis Report

DYNAGAS LNG PARTNERS LP (DLNG): Free Stock Analysis Report

GRUPO TMM SA ADS (GTMAY): Free Stock Analysis Report

STUDENT TRANSPORTATION INC (STB): Free Stock Analysis Report


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