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UTi Worldwide (NASDAQ:UTIW)’s share price reached a new 52-week low during mid-day trading on Wednesday , Stock Ratings reports. The company traded as low as $11.00 and last traded at $11.22, with a volume of 6,749,108 shares. The stock had previously closed at $15.26.

Several analysts have recently commented on the stock. Analysts at Avondale Partners downgraded shares of UTi Worldwide from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Separately, analysts at RBC Capital upgraded shares of UTi Worldwide from a “sector perform” rating to an “outperform” rating in a research note on Monday. They now have a $22.00 price target on the stock, up previously from $15.00. Finally, analysts at Zacks downgraded shares of UTi Worldwide from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 5th. They now have a $14.40 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. UTi Worldwide currently has an average rating of “Hold” and a consensus price target of $17.34.

The stock has a 50-day moving average of $15.98 and a 200-day moving average of $15.91. The company’s market cap is $1.125 billion.

UTi Worldwide (NASDAQ:UTIW) last announced its earnings results on Thursday, December 5th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. Analysts expect that UTi Worldwide will post $0.16 EPS for the current fiscal year.

UTi Worldwide Inc is a holding company. The Company is an international, non-asset-based supply chain services and solutions company, which provides services through a network of offices and contract logistics centers.

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