Utilitywise PLC (LON:UTW) shares hit a new 52-week low during mid-day trading on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as GBX 30 ($0.41) and last traded at GBX 39 ($0.54), with a volume of 776404 shares changing hands. The stock had previously closed at GBX 39 ($0.54).
The company reported GBX (9.20) (($0.13)) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 4.80 ($0.07) by GBX (14) (($0.19)). The firm had revenue of GBX 6,776 million for the quarter. Utilitywise had a negative net margin of 14.24% and a negative return on equity of 24.62%.
Several analysts have commented on UTW shares. FinnCap reissued a “corporate” rating on shares of Utilitywise in a research report on Thursday. Liberum Capital reissued an “under review” rating on shares of Utilitywise in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Utilitywise currently has an average rating of “Buy” and a consensus target price of GBX 110 ($1.52).
ILLEGAL ACTIVITY WARNING: “Utilitywise (UTW) Reaches New 12-Month Low Following Weak Earnings” was originally published by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/3288908/utilitywise-utw-reaches-new-12-month-low-following-weak-earnings.html.
Utilitywise plc is a United Kingdom-based business energy and water consultancy. The principal activity of the Company is of an intermediary for energy supplies to the commercial market. Its operating segments include Enterprise and Corporate. The Enterprise segment is engaged in energy procurement by negotiating rates with energy suppliers for small and medium-sized business customers throughout the United Kingdom, the Republic of Ireland and certain European markets.
Receive News & Ratings for Utilitywise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Utilitywise and related companies with MarketBeat.com's FREE daily email newsletter.