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Stock Investors Bid Up Shares of UTi Worldwide, Up 1.4%

Published on Tue, 02/12/2013 - 11:30
By Adrienne Chilton

UTi Worldwide (NASDAQ:UTIW) is one of today's biggest movers, up 1.4% to $14.93. The Dow is trading fractionally higher to 13,994 and the S&P is currently trading fractionally higher to 1,518.

In the past 52 weeks, UTi Worldwide share prices have been bracketed by a low of $11.94 and a high of $24.05 and are now at $14.93, 25% above that low price. The 200-day and 50-day moving averages have moved 0.22% lower and 0.31% higher over the past week, respectively.

UTI Worldwide, Inc. is a global, non-asset-based supply chain management business providing supply chain logistics services and planning and optimization solutions. The Company's services include freight forwarding, customs brokerage, and warehousing services such as the coordination of shipping and the storage of raw materials, supplies, components, and finished goods.

UTi Worldwide (NASDAQ:UTIW) has potential upside of 4.2% based on a current price of $14.93 and analysts' consensus price target of $15.55. The stock should discover initial support at its 200-day moving average (MA) of $14.31 and subsequent support at its 50-day MA of $13.96.

By Adrienne Chilton
achilton@fnno.com