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August 4, 2014
07:31 EDTUTIUniversal Technical could deliver 'break-out' results, says Wells Fargo
Wells Fargo believes that positive application trends, positive Google search trends, and potentially compelling announcements about new campus openings and new curricula could enable Universal Technical Institute to report compelling Q3 results. The firm expects the company's business to eventually recover but keeps a Market Perform rating on the shares.
News For UTI From The Last 14 Days
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July 24, 2015
08:26 EDTUTIUniversal Technical receives subpoena from US Attorney Office
In a regulatory filing, Universal Technical disclosed that it received a subpoena from the U.S. Attorney’s Office for the Western District of North Carolina issued pursuant to the Financial Institutions Reform, Recovery and Enforcement Act of 1989. The subpoena covers a broad range of matters relating to the company’s Mooresville, North Carolina campus operations over the past several years. It also seeks documents and information relating to the company’s compliance with the “90/10 rule,” and other Company programs and practices. Universal Technical intends to cooperate with the U.S. Attorney’s Office, and cannot predict the duration or outcome of its inquiry.

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