Universal Technical Institute Inc. (UTI) Hits New 52-week Low During January 12 Session
Universal Technical Institute Inc. (UTI) established a new 52-week low yesterday, and could be a company to watch at the open. After opening at $3.32, Universal Technical Institute Inc. dropped to $3.02 for a new 52-week low. By the closing bell, the company's stock was at $3.04 a share for a loss of 7.32%.
Falling to a new 52-week low is never fun for company's shareholder, but, depending on who you ask, it can be either a buy or a sell signal. Someone bearish on the stock might see it reaching its lowest price in a year as a sign of growing downward momentum and make sure they sell their shares. Bulls, though, are more likely to see a new 52-week low as the stock hitting its low point and anticipate a bounce in the share price.
However one plays it, it's often a critical moment for any stock and should be noted by investors.
Universal Technical Institute Inc. saw 213,357 shares of its stock trade hands, that's out of 24.23 million shares outstand. The stock has an average daily volume of 167,397 shares. After hitting a new 52-week low, Universal Technical Institute Inc. enters the new trading day with a market cap of 73.67 million, a 50-day SMA of $4.47 and a 200-day SMA of $6.30
For a complete fundamental analysis analysis of Universal Technical Institute Inc., check out Equities.coms Stock Valuation Analysis report for UTI. To see the latest independent stock recommendations from Equities.coms analysts, visit our Research section.
Universal Technical Institute Inc pro....