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UTi Worldwide (UTIW) Falls: Stock Goes Down 4.8%
April 01, 2014

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UTi Worldwide Inc. saw a big move last session, as the company’s shares fell about 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for UTIW as the stock is now up nearly 8% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the provider of transportation services has seen 1 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

UTIW currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the same sector include Dynagas LNG Partners LP (DLNG - Free Report) , Air France-KLM SA (AFLYY - Free Report) and Copa Holdings SA (CPA - Free Report) . All these stocks hold a Zacks Rank #2 (Buy).

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