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Shares of UTi Worldwide (NASDAQ:UTIW) reached a new 52-week low on Friday , Analyst Ratings Network.com reports. The company traded as low as $9.00 and last traded at $9.24, with a volume of 3,577,247 shares changing hands. The stock had previously closed at $9.50.

Separately, analysts at Zacks downgraded shares of UTi Worldwide from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. They now have a $8.90 price target on the stock. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.90.

The stock’s 50-day moving average is $9.78 and its 200-day moving average is $10.72. The company’s market cap is $974.8 million.

UTi Worldwide (NASDAQ:UTIW) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $0.05. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.02 earnings per share. UTi Worldwide’s revenue was down 3.3% compared to the same quarter last year. Analysts expect that UTi Worldwide will post $0.08 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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