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If you purchased shares of Universal Technical Institute, Inc. (NYSE:UTI) and currently hold any of those NYSE:UTI shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
July 13, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Universal Technical Institute, Inc. (NYSE:UTI) was announced over potential breaches of fiduciary duties by certain officers and directors at Universal Technical Institute.
The investigation by a law firm concerns whether certain Universal Technical Institute directors breached their fiduciary duties and caused damage to the company and its shareholders.
Universal Technical Institute, Inc. reported that its Total Revenue declined from $378.39 million for the 12 months period that ended on September 30, 2014 to $362.67 million for the 12 months period that ended on September 30, 2015 and that its Net Income of $2.04 million for the 12 months period that ended on September 30, 2014 declined to a Net Loss of $9.15 million for the 12 months period that ended on September 30, 2015.
Shares of Universal Technical Institute, Inc. (NYSE:UTI) declined from over $15 per share in late 2013 to as low as $2.06 per share on June 29, 2016.
On July 13, 2016, NYSE:UTI shares closed at $2.44 per share.
